FHA Construction Loan

Apply for an FHA Construction Loan.


Do you want one loan to buy the land, build a new home with a construction loan and then have the loan convert to a permanent loan? 


A construction to permanent mortgage combines a construction loan (short-term loan for financing the cost of construction) and the traditional long-term permanent residential mortgage with a single mortgage closing prior to the start of construction.

The borrower must be purchasing the land at the closing of the construction loan, or have owned the land for six months or less at the date of application.  At closing, after funds are disbursed to cover the purchase of the land, the balance of the mortgage proceeds must be placed in an escrow account to be disbursed as construction progresses.

FHA has taken the following steps:

  • Update the combination of credit scores and cash out for new borrowers
  • New borrowers will now be required to have a minimum credit score of 580 to qualify for FHA construction loan.
  • FHA one time close construction loan requires a minimum credit score of 580


Apply Now!

Call us 888.958.4228


We recognize the importance to you of keeping your information secure and confidential. We will not sell or share your personal information.

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Call us 888-958-5382


www.MORTGAGE-WORLD.com LLC is an online mortgage company specializing in FHA loans for first time home buyers.


We look forward to working with you.

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What Credit Score is Needed

to Cash Out?


Apply Now!

Call 888.958.4228

E-mail Us!


FHA loans

FHA requires a minimum 500 credit score to refinance

500 credit score

VA loans

VA requires a minimum 500 credit score to refinance

500 credit score

Fannie Mae

Fannie Mae requires a minimum 620 credit score to refinance

620 credit score

Freddie Mac

Freddie Mac requires a minimum 620 credit score to refinance

620 credit score


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888-958-4228

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