construction to permanent

FHA – Construction to Permanent and Building on Own Land Programs, Mortgagee Letter 2019-08, May 16, 2019 – Effective by June 17, 2019 or Immediately – NEW MTP™ – Interested In Building Your Own Home on Your Own Lot?

Written by: Tracey Rumsey, Staff Writer FHA is providing a great update to their new construction rules. Take a look at this article and the social media posts to boost your business in this niche. Rule Synopsis: The guidance in this Mortgagee Letter may be implemented immediately, but must be implemented for loans with case [...]

2019-06-07T10:44:16-05:00June 10th, 2019|

VA-Construction/Permanent Home Loans, VA Circular 26-18-7, Dated-Apr 6, 2018 – Effective Immediately

By: Tracey Rumsey, Staff Writer VA has greatly increased their guidelines on new construction transactions.  This likely has something to do with the boom in construction and meeting the needs of the Veteran borrower.  Read through this update to stay informed about the changes to construction financing and construction perm financing. Rule Synopsis: This circular [...]

2018-05-29T16:48:43-05:00May 9th, 2018|