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Most of these home construction loans have a limited construction term, often no more than a year. During construction, the lender will disburse money to the builder as work progresses, and you typically make interest-only payments calculated on the amount of the loan that has been disbursed.
An FHA construction to permanent loan or FHA one-time close loan features only one loan and one closing date. It's available for those who. Texas FHA Loans.
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