FHA Loans


FHA Construction End Loan

As with any real estate purchase, the process begins with knowing what you can afford. At no charge, one of our loan officers can write up a letter of pre-approval indicating what size FHA construction loan you are qualified for. If you do not have a Certificate of Eligibility (COE) we can get one for you and provide a copy along with the letter of pre-approval.


If you already own the land great! We may be able to use equity for down payment on your home. Otherwise, the next step is to find a piece of land to build on.


You will need to have a set of plans and specifications drawn up for the home. A builder, engineer or, architect that is familiar with requirements should be used to prepare the plans and spec's. If you need specially adapted accommodations, make sure the person preparing the plans and specs knows about your needs. Now is also a good time to determine what if any specially adapted housing grants you are eligible for. You will also need to select an approved builder to do the construction. The builder must have a valid identification number.


Now, that you've found a lot, have plans, specs and a builder, you're ready to apply for financing. While construction crews may prefer to work with large blueprints. Just mail, email, fax or hand deliver a copy of your plans and specifications to us. We will have a licensed appraiser look at your lot and review the plans and specs. The appraiser will then provide an appraisal of the proposed homes value once completed. If the appraisal comes in at or under your pre-approval figure great we can proceed with financing.