mike25 |
06-18-2011 08:29 PM |
Looking at an FHA home loan but..
Im confused. I plan to either purchase a built home on land, or if possible, which may be a more desirable optiom, I plan to obtain whatever type of loan necessary to be able to buy land and build a home. I like the FHA offerings because i dont have much for a downpayment and probably wont for some time ( a couple years if the loan requires 20% or more..) Im looking to borrow roughly 140- 160k at most. I would like to buy a hom outright, but cant find much in the area that is nice/ likeable and building seems like a more feasible idea to be able to get what i want. Opinions?
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