Building a home is an exciting milestone but navigating the financing process can feel overwhelming. That’s why FHA Single Close Construction Loans are designed to make homebuilding simpler, more affordable, and accessible for more buyers. With just one loan and one closing, you can finance both the construction of your new home and your long-term mortgage all with the trusted backing of the Federal Housing Administration (FHA).

An FHA Single Close Construction Loan eliminates the need for multiple loans or complicated financing steps. Instead of applying separately for a construction loan and then a permanent mortgage, you only close once. This streamlined process saves time, reduces paperwork, and minimizes closing costs helping you move into your dream home faster and with fewer financial hurdles.

One of the biggest advantages of FHA Single Close Construction Loans is their low down payment requirement. With down payments starting as low as 3.5%, qualified borrowers can begin building without needing a large upfront investment. This makes it an excellent choice for first-time homebuyers or anyone who wants to build a single-family home but may not have extensive savings.

Because these loans are insured by the FHA, lenders can offer competitive interest rates and flexible qualification terms. Even if your credit score isn’t perfect, you may still qualify thanks to the FHA’s supportive lending standards. This opens doors for more people to achieve homeownership through new construction — without the financial stress of traditional loan programs.

In short, FHA Single Close Construction Loans combine convenience, affordability, and flexibility. Whether you’re purchasing land or building on property you already own, this program simplifies the entire process and brings your homebuilding vision to life — one simple loan, one simple closing.