FAQs for Financing
7 FAQs assigned. Drag to reorder.
What credit score do I need to buy a new construction home?
Credit requirements depend on the loan type. FHA loans typically require a minimum 580 credit score with 3.5% down, or 5...
How much down payment do I need?
It depends on the loan program. VA and USDA loans offer zero down payment. FHA requires 3.5% down. Conventional loans st...
What is down payment assistance and how do I qualify?
Down payment assistance (DPA) programs provide grants or forgivable loans to help cover your down payment and closing co...
Can I use VA or USDA for new construction?
Yes. Both VA and USDA loans can be used for new construction homes, including Blueprint homes. VA loans are available to...
How does Blueprint help with financing?
Blueprint Community Homes works with a network of preferred lenders who specialize in new construction loans in our mark...
What is the City of Mobile HIP Program?
The City of Mobile Homebuyer Incentive Program (HIP) provides down payment and closing cost assistance to eligible buyer...