First Time Home Buyer Eligibility You may be able to take the first-time homebuyer credit if you were an eligible buyer who purchased a home as your primary residence in 2008, 2009 or 2010. Eligibility varies depending upon the year of your purchase. And there are specific benefits that certain members of the military and certain.Indianapolis, Louisville, Portland, Maine, Baltimore, Boston, Bismarck, N.D., Nashville, San Diego and Seattle will have higher FHA loan limits in 2015. Several metro areas in Texas will also benefit.
Basic steps toward your FHA Construction Loan approval: Get pre-approved. Get builder approved. Select your lot. Complete construction/purchase agreement with builder/seller. Get project approved through lender. Complete loan approval (complete conditions with lender, appraisal, title, etc.).
Permanent construction financing loans will be the only exception. steps taken by the Federal Housing Administration to limit cash-out refinances on FHA-backed loans. In a release announcing both.