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Construction Loans

FHA – 1 X Close Construction Loan

  • 3.5% Down w/ 580+ FICO scores  (includes land and construction)

  • 10% Down w/ 530-579 FICO scores  (includes land and construction

  • Owner Occupied Only

  • Single Family Dwelling and Manufactured Homes

  • Builder can pay for Closing Costs and Interim Interest Payments (optional)

  • 10-30 yr. Programs

  • Equity from owned land is Allowable

VA – 1 X Close Construction Loan

  • 0% down w/ 530+ FICO scores  (includes land and construction)

  • Owner Occupied Only

  • Single Family Dwelling and Manufactured Homes

  • Builder can pay for Closing Costs

  • Builder must pay for Interim Interest Payments

  • 10-30 yr. Programs

  • Equity from owned land is Allowable

  • VA County loan limits apply.

Full Guidelines

Fannie Mae – HomeStyle Renovation Loan

  • 5% down for Primary Residence

  • 10% down for 2nd. home

  • 15% down for Investment Property

  • Purchase or Refinance

  • Single Family Dwelling only, no manufactured homes

  • Builder can pay for Closing Costs

  • 10-30 yr. Programs

  • Equity from owned land is Allowable

  • Fannie Mae Loan Limits Apply

  • Contractor must be a third party licensed contractor – no conflict of interest

  • Additions and Luxury Items allowed

Ken Burrows

CEO – Ken Burrows


Mortgages for America

Call 888-320-7888

ken@mortgagesforamerica.org
NMLS ID 993846
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NMLS: 993846

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Our Location


298 Kingsbury Grade, Suite 2E
Stateline, NV 89449

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