FHA 203(k) loans provide funding to finance both a home’s purchase and the cost of repairing it. This type of loan, which you can obtain from an FHA-approved lender, is reserved for borrowers who ...

You can use a VA loan to build and finance a property you’ll use as your primary residence. However, you cannot use this type of loan to fund the construction of a vacation home or investment property ...

Construction loans are short-term, interest-only loans used to build on undeveloped land. Qualification for FHA construction loans requires a 3.5% to 10% downpayment and a credit score of 500+.