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USDA and New construction Builders

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CreditGuy03
Established Contributor

USDA and New construction Builders

As I understand from reading on these boards USDA doesnt offer a construction to perm loan but instead the builder would have to foot the cost of the land and building the house then sell it to us in a package.

 

My question is how in the world do I find a builder that is willing to do this? I live in Houston and everyone I asked so far thought I was crazy for asking such a question.

Equifax - 628, Experian -627, Transunion- 654 In the garden until 01/01/2019
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youngguns996
Contributor

Re: USDA and New construction Builders

I would like to know this answer also. I live in michigan and I am thinking about building with USDA, I am pre-approved, but don't know how to go about getting a builder on board. If anyone could shine some light on this we would appreciate it.

Start Ex 514 EQ 552 TU 582
Current Ex 702 EQ 687 TU 734 All Fico Scores (Lender Pull)
Goal 700+
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