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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.
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|Purchase Price (Builder Cost and Land Cost [if applicable])|
|Construction Administration Cost|
|Total Acquisition Cost|
|Base Loan Amount|
|Upfront Mortgage Insurance Premium (UFMIP)|
|Total Loan Amount|
|Monthly Prinicipal and Interest (PI)|
|Monthly Mortgage Insurance (MI)|
|Total Monthly Payment (PI + MI)|
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.