6-3-2014 Low Down Payment Construction Loans Available

We are seeing some things in the lending market that have not been available for some time. We have recently become aware of some new programs available through FHA that would require less cash in order to close a construction loan than previous requirements would allow. Conventional financing is also seeing some trends away from the rigid constraints of recent years. We should all understand by now that these things are cyclical. Take advantage now as history demonstrates time and time again that great opportunities come – and then are gone.