General FHA New Construction Loan Requirements

As far as FHA new construction loans are concerned, there are a few requirements to keep in mind. Each state may have variations on these requirements, so check with your local agency to be sure before proceeding. A new construction is defined as a property that is less than 12 months old, regardless of whether or not it has been occupied. The year is dated 12 months back from the final date of occupancy to the date of the original application. 


Requirements are as follows:

  • Copy of the building permit.
  • Copy of the final certificate of occupancy.
  • A 2-10 warranty (if the above items are not issued by the city.)
  • A termite inspection guarantee (if required by states/cities where the home is built.) completed by the builder
  • A termite inspection (if required by states/cities where the home is built) completed by a certified pest control company.
  • A warranty of completion of construction (required for homes with maximum financing.)
  • Builder's Certification of Plans, Specifications, and Site.
  • Manufacturer's Warranty: All warranty documentation for heating and cooling, appliances and other items installed for the borrower.
  • Carpet Identification: Remnant with important information about the carpeting, with written certification from the borrower that this has been received.
  • Insulation Certificate: containing all information about the insulation in the home should be posted near the attic access.
  • Appraiser's Final Inspection: Photos of the property and proof the appraiser has completed a report on the home.
  • Well and Septic Report: Proof that the systems have been approved by the local health authorities.
  • Home inspection (not required on homes without previous occupancy.)
  • Copy of plans and specifications: required by the appraiser to complete their report.

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