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FHA Home Loan

An FHA loan provides a government-insured loan with flexible loan options. Less strict credit requirements and qualifications make this loan the easiest loan for buying a home or refinancing. Save money with an easy and fast FHA loan, qualifying is simple!

How it Works/Payments

  • Pay your mortgage at any time without pre-payment penalties
  • 30-, 25-, 20- and 15-year terms are all available with fixed rates
  • 5-year adjustable-rate mortgage available

Qualification Requirements

  • Credit scores as low as 580 may qualify
  • Refinance up to 97.75% of your primary home’s value
  • Buy a home with as little as 3.5% down (primary home)


FHA Construction to Permanent One Time Close

An FHA construction to Permanent loan is specifically used to finance the construction of the borrowers’ new home and permanent mortgage all into one single transaction with one closing. The borrower will be approved for a n FHA Construction to Permanent loan, if the borrowers is qualified forth e long-term permanent FHA mortgage. Upon completion of construction, borrower will be required o modify from the interim construction loan into a permanent FHA fixed rate loan. there will be no additional closing or closing costs required.

General Descriptions & Loan Amounts:

  • 12-month build time from date of closing and funding
  • 96.5% LTV based on Total Acquisition Cost Land/Home
  • 680 Mid FICO score required
  • Single Family Residence, owner occupied
  • One loan purchases land and  builds the home
  • Loan amounts up to FHA conforming and high balance loan limits
  • One Time Close transaction
  • Borrower receives a bill monthly for construction interest accrual based upon funds dispersed thru the draw process to the builder

Construction Loan Limitations:

  • Lot/Land owned by borrower for less than 12 months will be  valued at the cost of acquisition or the appraised value whichever is less
  • Builder owned, second homes and/or investment properties are not eligible
  • Gift land allowed
  • pool construction allowed. Restrictions apply

Why Work Refined Lending?

  • We put YOU first.
  • Refined Lending offers some of the most competitive rates in the Nation!
  • Fast and efficient, we close most of our loans in 30 days or less.
  • We offer a variety of loans. Refined Lending will find you the loan that is right for you!!!

Got questions?  Give us a call!  One of our mortgage specialists would be happy to answer all of your questions and get you started with a great low rate today!

**Refined Lending is not affiliated with or acting on behalf of or at the direction of FHA, VA, USDA or the Federal Government.

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