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+.

Learn how to choose the right business loan for your needs Written By Written by Staff Senior Editor, Buy Side Miranda Marquit is a staff senior personal finance editor for Buy Side. Edited By Written ...

How Construction Loans Work Construction loans let future homeowners borrow money to purchase materials and pay for labor necessary to build a home. Often, this money also can be used to purchase the ...