A no down payment USDA loan used for building a new house.
Closing occurs before construction begins and then funds are disbursed to cover the purchase of land, construction costs, and permanent mortgage funding.
Must be in a USDA eligible area
No loan limits
No acreage limits
USDA income limits will apply
Single Family and Modular Homes
Flexible credit qualifying
Copyright © 2010 – 2017 Metroplex Mortgage Services, All rights reserved. We lend in the following states: Alabama, Florida, Tennessee & Texas. As a USDA Approved lender, we are not endorsed or affiliated by the U.S. Department of Agriculture. Any loan program may require sufficient equity and certain conditions may apply.