Are you able to Get FHA Mortgage Loans to Build Homes? 1 FHA 203K Instructions 2 Will Sellers Accept FHA? 3 FHA Mortgage Tools for Restoring Homes 4 distinction between 203k and 203b Generally speaking, when homebuyers have actually their houses built through the ground up they normally use construction loans accompanied by permanent mortgages. Luckily, home financing item known as a “construction-to-perm” loan is available that does not need two split loans complete with split closing expenses. The Federal Housing Administration actually does offer its own version while a construction-to-perm loan might seem likely only for more well-to-do homebuyers. An FHA one-time near mortgage certainly lets you have your house built and financed under one loan. One-Time Close Mortgages FHA’s one-time close home loan is made available from banking institutions authorized to provide making use of FHA-insured mortgages. Also, an FHA one-time close mortgage can be used for old-fashioned site-built also as manufactured or homes that are modular including their great deal acquisitions.