Looking for lender that offers USDA construction to permanent loan option.

Hello, My name is Liliana from Peoples Home Equity , I will be more than glad to help you with your home loan. Please contact me at 757-96506178

In theory, a USDA construction loan is possible. In practicality, what you are looking for doesn't really exist for a variety of reasons. First, there are two types of USDA loans, Direct, which is only available from a USDA office, and Guaranteed, which is available from most lenders. Under the guaranteed program, I don't know a single lender in the country offering this. New construction is deemed very risky, and generally requires a large down payment on a construction loan. After construction is done, then you pay off the construction loan with your long-term loan, like a 30-year fixed. If you can find a builder who is willing to buy the lot, build the home and carry all the costs with you giving a small down payment, then you will be fine. This is usually available in new sub-divisions, but not stand alone. Good luck!

More info needed, but as Joe Meltzer says.. There might be a lender somewhere offering these loans, but i'm not aware of a single one. If you are looking at a tract home.. then typically, the development will require a 1% to 3% initial deposit, and they build the home on their dime.. then once the property is completed, you finalize your financing.. no construction loan necessary.. but if you are looking for a "custom built home".. then, as Joe said.. probably not going to happen. I'm a preferred Lender with Arizona and California being my primary markets. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com NMLS# 226347 / RPM Mortgage NMLS 1541014 / AZMB0121893