
1 x Close
Construction Loans

FHA - 1 X Close Construction Loan
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3.5% Down w/ 580+ FICO scores (includes land and construction)
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10% Down w/ 530-579 FICO scores (includes land and construction
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Owner Occupied Only
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Single Family Dwelling and Manufactured Homes
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Builder can pay for Closing Costs and Interim Interest Payments (optional)
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10-30 yr. Programs
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Equity from owned land is Allowable

VA - 1 X Close Construction Loan
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0% down w/ 530+ FICO scores (includes land and construction)
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Owner Occupied Only
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Single Family Dwelling and Manufactured Homes
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Builder can pay for Closing Costs
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Builder must pay for Interim Interest Payments
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10-30 yr. Programs
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Equity from owned land is Allowable
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VA County loan limits apply

USDA - 1 X Close Construction Loan
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0% down w/ 620+ FICO scores (includes land and construction)
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Owner Occupied Only
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Single Family Dwelling and Manufactured Homes
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Builder can pay for Closing Costs
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Builder must pay for Interim Interest Payments
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10-30 yr. Programs
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Equity from owned land is Allowable
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USDA County income limits apply

Fannie Mae - HomeStyle Renovation Loan
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5% down for Primary Residence
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10% down for 2nd. home
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15% down for Investment Property
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Purchase or Refinance
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Single Family Dwelling only, no manufactured homes
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Builder can pay for Closing Costs
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10-30 yr. Programs
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Equity from owned land is Allowable
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Fannie Mae Loan Limits Apply
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Contractor must be a third party licensed contractor - no conflict of interest
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Additions and Luxury Items allowed