Based on those salaries (and assuming a monthly mortgage payment of 28% of the gross monthly income) the site used a mortgage calculator to determine. Mae has a loan called Home Style and FHA has.
Fha Construction To Permanent Mortgage Program Fha Home Building Loans An FHA 203(k) loan is wrapped around rehabilitation or repairs to a home that will become the mortgagor’s primary residence. An FHA 203(k) is also known as an FHA construction loan. The FHA 203(k).