Contrary to popular belief, there are lenders out there with good construction and mortgage products.  Here are a few examples of the programs being currently being offered;

Construction to Permanent Financing

• 5% down program available
• Rate locks up to 12 months
• No cost float down option
• Blanket mortgage available to access equity in current home
• Closing costs may be financed into loan provided borrowers have appropriate lot equity
• Minimum credit score 700

Construction Access Program

• Minimum credit score 620
• Use Construction Access Program during the construction phase establish FHA or traditional mortgage end loan when home is complete
• Maximum financing is 96.5% for FHA end loan
• No cost float down option
• Ideal for buyers who qualify for an FHA or Conventional end loan but not a Construction to Permanent Loan

For more information just click on the Financing tab on the left hand side of your screen where you will find contact information for lenders doing business in your area.