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Quick application

With Millennial Home Loans quick online loan application, determining if you qualify for an FHA OTC Construction Loan and for how much, has never been easier.

Talk to a FHA OTC Construction Mortgage Expert

Not ready to apply online? No problem. Answer a few questions, and a FHA OTC Construction Home Loan Mortgage Expert will call you back.

FHA One-Time-Close/OTC Construction Loans.

3.5% Down, 6% Seller Closing Credit Allowed

Yes you can build your own home with only 3.50% down!

Transaction Information


    FHA Detailed Loan Calculations:

    Purchase Price (Builder Cost and Land Cost [if applicable])

    Construction Administration Cost

    Total Acquisition Cost

    Down Payment

    Base Loan Amount

    Upfront Mortgage Insurance Premium (UFMIP)

    Total Loan Amount

    Monthly Prinicipal and Interest (PI)

    Monthly Mortgage Insurance (MI)

    Property Taxes

    Homeowner Insurance

    HOA/Condo Fee

    Total Monthly Payment (PI + MI)

    Send Me A Copy Of My FHA Construction Loan Calculations


    Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.

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