If you’re looking for an all-in-one financing solution to build your dream home, look no further. The FHA Construction Loan is one of EHL's Specialty One-Time Close Construction Loans.
Low inventory and rising home prices can make buying a home challenging. There’s no reason to wait for your perfect home to become available on the market. With an FHA construction loan from Emerald Home Loans, you can build the home you want—and finance it with just one application and one closing. It's that simple!
The FHA One-Time Close Construction Loan is intended for those looking to build a new home, tear down and put a new house up, or do a major renovation on an existing home. Borrowers can use a qualified licensed builder of their choice (self-build not allowed).
The best part is that this loan allows borrowers to consolidate construction and purchase price for only one set of closing costs and fees. In addition, borrowers pay interest-only payments during the construction period.
So, why wait when you can build your dream home the way you want? Who knows when low inventory is going to subside? While mortgage rates are low, take advantage of this exciting opportunity. Reach out to the experts at Emerald Home Loans to learn more or to see if you qualify for our FHA Construction Loan.
Continue reading to learn how Construction Loans work and be sure to download our free Construction Loan Guide.
A construction loan is more complex than a standard mortgage, with more moving parts and more specialized expertise required.
Emerald Home Loans has the knowledge, experience, and proven process to guide you through the construction loan process as you build your dream home. To learn more about our construction loan program and find out if you qualify, contact us to discuss your project.
Be sure to check out our Conventional, USDA, and VA Programs Too: