If you need financial help to build your dream home from scratch or even just to remodel your bathroom, an FHA construction loan can help. FHA loans are geared toward people with relatively low credit scores and down payment savings, making FHA construction loans great options for first-time home buyers who want to build a home or buy a fixer-upper. What is an FHA construction loan? An FHA construction loan is a type of FHA loan that helps you cover the cost of building a home or renovating an existing ...