FHA Construction-to-Permanent Loans

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.

To download underwriting guidelines
for our FHA construction-to-permanent loan program:

To download a loan application
for our FHA construction-to-permanent loan program:

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.

  • Obtaining a mortgage through Lenderline was by far the best loan process we have ever experienced.

    Jay M.

    Northridge, CA

  • We have purchased and/or refinanced 4 rental properties and 3 different residences... In all those years, we have never dealt with such a professional broker.

    Toni M.

    Westlake Village, CA

  • Lenderline got us a cash-out refinance using 24 months bank statements as income, no tax returns, no 1099, and no 4506-T. They had just the loan product we were looking for, their rates were good, and their attention to detail was outstanding. I have already referred some of my friends.

    Thomas J.

    Perris, CA

  • I was at the end of my rope. Other lenders had turned me down due to a recent short sale, and I had a hard money loan with a balloon payment that was coming due. Lenderline was able to pay off my hard money loan, lower my interest rate, and provide some additional cash out at closing. What a lifesaver!

    Hector R.

    Northridge, CA

  • I had no FICO scores, and Lenderline was able to get me an FHA loan with only 3.5% down. My mortgage payment is less than my rent was, and I am now a happy homeowner thanks to the awesome loan agents at Lenderline.

    Edwin D.

    Los Angeles, CA