Colorado FHA Construction Loan a One Time Close Construction Loan

The FHA Construction Loan is a One Time Close Construction Loan.  It allows you to get into your home for as little as 3.5% down.  This FHA Construction Loan eliminates the need to requalify when the home is complete.  Because the FHA Construction Loan is only one loan, it reduces the borrower’s closing costs.  The borrower does not pay monthly interest payments during the construction period.  Interest is built into your loan at the beginning of your construction loan.   The property types that are allowed for the FHA Construction Loan are: traditional stick built homes, Modular Homes and Manufactured Homes.

Call for more details on this loan product.  No owner builder is allowed for this loan and it must be owner occupied.