Most of the information below is accurate, but not all. with FHA you cannot have late payments within the last year. Other then that you will be good to go. You want to meet with a lender right away & have them take a look at your credit reports from all 3 bureaus. Also, even if you buy new construction, you want to hire your own buyers agent to reprresent you because they will take better care of you & get you more free extras then will the builders agents. I am both a real estate broker & a loan officer & if you want one experience person to take care of everything for you, then feel free to give me a call & interview me.
Good luck to you in any case,
Isaac Real Estate Team
Champions Real Estate Services
TriStar Finance #MLO-107799
Office: 425-483-6849 Cell: 206-841-9976
Winner of Seattle Magazines 5 Star
Real Estate Agent Best in Client Satisfaction Award
Mortgage Loan Originator Best in Client Satisfaction
If it turns out that you need a construction loan, try Washington Federal Savings. They offer custom construction loans. Good luck!
Hope this is helpful!
Shane Milne | Lending in all 50 states | NMLS #81195
At the end of the day, you'll want to talk to a great lender. Let me know if I can help you any further.