Conventional, FHA, VA and Rural Development Construction Loans in Michigan, Florida and Georgia.

HUD announces higher loan limits for FHA and VA loans in 2018, call for details!

Home constructed with an FHA Construction Loan in Michigan.

Yes, you can build a new home with FHA, VA and USDA loans. 3.5% down payment for FHA. 0% for VA and Rural Development. These are Single Close programs. One closing, one set of fees, no re-qualifying. 


Conventional loan programs require 10% to 20% down payment and minimum credit scores of 680 to 720. Owner Builder 2x close loans are also available. You will need at least 10% down and good credit. 


The FHA construction loan program can be used in as little as 2 years after a Chapter 7 bankruptcy, 3 years after a foreclosure, and you can even qualify while you in a Chapter 13 bankruptcy! To qualify for the conventional loan you will need to wait 7 years in after a foreclosure, 4 years after a bankruptcy. 


With the FHA, VA and RD construction loan programs, you have no payments until the home is completed. With the conventional program you have to make interest payments while the home is being built.


You can use your land equity in lieu of a cash down payment on any of these programs. Your down payment can even be gifted to you in most cases.


Call or email me if you have questions or wish to be pre-qualified for the program.


With 3.5% down for FHA, 0% down VA and Rural Development , and a 640 credit score, you may be able to build  a new home!