View 24 photos of this 3 bed, 2 bath, 980 Sq. Ft. single family home at 89 Wells Hollow Rd, Sandyville, WV 25275 on sale now for $149,900.
For all loans we process, our builders (and new construction loans) are given priority review by our Builder Operations Team – A Center of Specialization, staffed with highly trained mortgage professionals, underwriters, and closers to exclusively process loans for your customers.
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Most of these home construction loans have a limited construction term, often no more than a year. During construction, the lender will disburse money to the builder as work progresses, and you typically make interest-only payments calculated on the amount of the loan that has been disbursed.
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Are you thinking of using an FHA One-Time Close Construction loan to have a house built for you in 2019? This type of home loan is different than FHA new purchase loans for existing construction, but it’s definitely worth considering.
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