Can I use an FHA loan on a new construction home?
Yes. FHA loans are common on new homes, and they help buyers with lower credit scores or a small down payment.
By Nick GutheryOwner & CEOUpdated Florida & Georgia
FHA loans have mortgage insurance, paid up front and each month. Ask the lender how long the monthly part lasts on your loan.
The home must meet FHA's rules, which new homes in most communities do. Any FHA lender can check the home you pick.