Construction loans for the building of a completely new home work very differently from renovation loans, and we will focus on new home construction financing for the purposes of this article. A construction loan can be used to purchase land and build a home, or construct a home on land you already own.
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View the full release here: https://www.businesswire.com/news/home/20190830005043/en/ Horizon. Business Administration.
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If you are buying a home in Mineral Wells that needs minor or major upgrades, an FHA 203k Loan is one of many Texas rehab loan programs that includes funding for home renovation costs in the original loan amount, at the time of purchase.
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