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It covers all expenses concerning home construction and usa credit the permanent mortgage for the newly built home. An FHA Construction loan takes care of all the costs involved with construction, including the land, permits, plans, fees, labor, and materials. This is excellent news for FHA borrowers who may not have extra funds to buy land or apply for a second loan.
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This will help you create a budget for the entire project.
Ajto will be determined by individual credit worthiness. Call for details. Your interest rate and APY may change after account is opened at any time without notice. This is a tiered rate account. Interest credited monthly.
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