cancel
Showing results for 
Search instead for 
Did you mean: 

New Construction and FHA Loans

tag
HoldingOntoHope
Valued Contributor

Re: New Construction and FHA Loans

Those are all prices with a VA loan? Yikes!! Closing costs must be crazy in your area.

Best financial advice I ever got: "Just imagine what an adult would do and do that."

Starting Score: 500's
Current Score: EQ 701 (FICO) TU 721 (FICO) EX 715 (Quizzle)
Goal Score: 760 ALL


Take the FICO Fitness Challenge

Message 11 of 14
Christian123
New Contributor

Re: New Construction and FHA Loans

Yes, they are crazy. It was definitely a shock to my system.

Starting Scores 3/10---EQ 495, TU 505
5/13- EQ 720, TU 722, EX 696(Lender Pull)
Gardening since 5/2013 until 3/2014
Closed on dream home- 12/17/13
Message 12 of 14
tooleman694
Valued Contributor

Re: New Construction and FHA Loans

I think I had to put down something like 5 percent before they would start building. So for 300k home I had to write a check for 15k. When we closed we had to write another check for 20k.

Message 13 of 14
finallyawake
Established Member

Re: New Construction and FHA Loans

I am going to look into mid atlantic because those prices sound good.

 

Tooleman694 geeezzzz that was a lot, did you have a FHA loan?

Message 14 of 14
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.