Real Loan Experts • No Call Centers • No Chatbots
LOW DOWN PAYMENT MORTGAGE SOLUTIONS FOR TODAY'S HOMEBUYERS
Access competitive mortgage solutions from multiple lenders with guidance from experienced local mortgage professionals.
FAST PRE-APPROVAL REVIEW
NO OBLIGATION CONSULTATION
LOCALLY OWNED & LICENSED IN MD, PA, VA & WV
Get Approved Once, Then Generate Your Pre-Approval Letters Online Anytime – 24/7.
Access To Multiple $0 Down Loan Programs
Credit Scores Starting at 580
Get Approved Once. Access Your Pre-Approval Letters 24/7
Dedicated Mortgage Advisor
How do you want to get started?
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
| 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) |
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.
