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user6665881

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Is there a construction loan available?

We own property near Indian Lake that we wish to put a new MHE modular ranch home on. There is no mortgage on the property, and the new home will be around $100, 000 with foundation. We will have around $50,000 down and want to finance the balance with fixed 30 yr mortgage. Fico score about 640. Can we do an FHA construction loan?

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Construction loan

We own property near Indian Lake that we wish to put a new MHE modular ranch home on. There is no mortgage on the property, and the new home will be around $100, 000 with foundation. We will have around $50,000 down and want to finance the balance with fixed 30 yr mortgage. Fico score about 640. Can we do an FHA construction loan?

  (0)