Has Anyone Done an FHA One Time Close Loan?

[Hannah Benjamin Escher]

Hi Everyone! I am a new BiggerPockets listener and am wondering if anyone here has done an FHA one time close loan before? My husband and I will be getting into real estate investing in the next couple of years and we want to start off by building our own single family property. We have been looking into using the FHA one time close loan in order to have a low downpayment which will keep more of our cash available for other purchases. Any advice on this process or when we should get started if we want everything done in about two years? We have excellent credit and will have no debt in any form if that helps.

Thanks, everyone! Looking forward to being a part of this community.