FHA New Construction To Permanent Mortgage Guidelines











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The new FHA New Construction Loan Program at Gustan Cho Associates at Loan Cabin Inc. is a one-time-close loan program on new construction homes • We are one of the very few direct lenders that off FHA New Construction Loans with a one-time close • The housing market is booming nationwide • Many pre-approved home buyers are being priced out of the housing market due to inventory shortage • Housing prices are increasing nationwide • The Federal Housing Finance Agency (FHFA) has increased conventional loan limits for three years in a row due to rising home prices • Conforming loan limits for 2019 is now at $484,350 unless the property is located in a high-cost area • HUD, the parent of FHA, followed FHFA’s lead in increasing FHA Loans Limits • FHA Loans Limits for 2019 is now at $314,827 on single-family homes in traditional areas. High-cost areas have higher loan limits • • Read more https://gustancho.com/fha-new-constru...

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