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FHA construction loan can build your dream home. The FHA Construction to Permanent Mortgage program grants a short-term construction loan that transitions into a long-term, permanent loan after you finish building your home. The loan has a single mortgage closing that occurs when the loan is secured, prior to the start of construction,
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Whether you’re building, or renovating a house you can get financing. RATE SEARCH: Check Current Mortgage Rates. What is an FHA Construction Loan. The Federal Housing Administration which is a division of the US Department of Housing and Urban Development, or HUD created the FHA home loan program to make getting a mortgage easier for consumers.
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