LENDERLINE^® is currently offering one-time close 96.5% LTV FHA construction-to-permanent loans under the following guidelines:

• The property must be located in the State of California.
• 96.5% loan-to-value. Requires 3.5% down payment.
• Loan limits are county-specific. To look up your county, click here.
• You choose your own architect, building design and building contractor.
• This is a one-time close mortgage which includes construction and permanent financing.
• Closing costs may be paid by the seller up to 6% of the purchase price.
• Closing costs may be gifted from an immediate family member.
• FHA up-front mortgage insurance premium (UFMIP) may be financed.
• Minimum credit score of 620. Manual underwriting not permitted.
• First-time home buyers OK.
• The borrower cannot own any other properties.
• The property must be used as a primary residence.
• Second homes and investment properties not allowed under this loan program.
• W-2 wage earner or self-employed.
• SFR, PUD, modular homes and multi-width manufactured homes allowed.
• Working farms, condominiums/townhomes, and 2-4 unit properties not allowed.
• No reserve requirements.
• Up to 50% debt-to-income ratios allowed with automated underwriting approval.
• Borrowers must be U.S. citizens or permanent residents with valid work authorization.
• No foreign nationals or undocumented ITIN workers allowed on this program.
• 30-year fixed rate.
• No prepayment penalty.

LENDERLINE^® is your FHA construction-to-permanent lender of choice. FHA construction-to-permanent loans are our specialty.

Questions? To get today’s interest rates or to receive a FREE mortgage consultation, call LENDERLINE^® toll-free at 1-888-661-7888, or complete this form to schedule an appointment.