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Texas FHA Loans home construction loans. We no longer offer builder build nor stick built construction loans. However, it is worth noting that there is always a loan for you, whether you are renovating a house or building a new one..New Construction Loans are usually short term with variable rates require the flexible terms, designed to help you finance the building of your new home..Construction to permanent Often referred to as the “one time close” or the “single close” construction loan program. It combines the cost to purchase the land and construction cost in one loan. It s two separate loans consolidated into one loan. A borrower qualifies for a long term mortgage only once..
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