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Updated 10 months ago on . Most recent reply

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FHA Construction to Permanent Loan

Posted

Hello!

Wondering if anyone could share their knowledge with me:

I live in NJ. I am looking at a lot of land and using the FHA Construction to permanent loan to buy the land and build a house. With this loans it seems you cannot build a multi-family home. However, is it possible to build a primary residence with an ADU? This ADU would be used to rent to friends or family and generate income.

I cannot seem to find the answer online myself. Please let me know, thanks!

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