Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

FHA One Time Close Home Construction Loan is Back, Nationwide
What is a Construction to Permanent Loan? An FHA Construction-to-Permanent (C2P) loan is used to finance the construction of a new primary residence and permanent mortgage all into one single closing. The homeowner is approved for an FHA C2P loan if the homeowner is qualified for the long-term permanent FHA mortgage.
 
Upon completion of construction, the borrower will be required to modify the interim construction loan (ICL) into a permanent FHA Fixed rate loan. There will be no additional closing or closing costs required.  This loan is available Nationwide
 
Loan Requirements
3.5% down or 96.5% LTV based on Total Acquisition Cost of Land & Home Construction Cost 620 Mid FICO score required. 9-month build time from date of closing and funding.  
Property Requirements & Limitations
Single Family Residence, Owner Occupied. Site built homes only, no manufactured homes and Modular homes on an exception basis Loan amounts up to FHA Maximum for your area Gifted land allowed. Pool construction allowed. Restrictions apply. Lot/Land owned by the borrower for less than 12 months will be valued at the cost of acquisition or the appraised value whichever is less. No Self Builds - All Builders must go through a one-time approval process if not already approved ... more

__________________________________________________
Are you on The Rain? Grow Your Network!