Two Texas mortgage lenders have agreed to. to the permanent withdrawal of its FHA approval. Specifically, HUD alleged that RHL had taken part in a scheme to disguise fees charged to borrowers as.
You get to select the location, the builder, the floor plan, the paint colors. everything! The problem is that most lenders want 10-25% down payment when considering terms on a construction loan. With an FHA construction to permanent loan the down payment can be as low as 3.5%.