– Through the USDA’s combination construction-to-permanent loan, or single-close loan, homebuyers wishing to build a home with a USDA loan can do so. The single-close loan combines a construction loan, or interim financing, with a traditional 30-year fixed USDA loan.
– Do USDA Loans Have PMI? A Look at USDA Mortgage Insurance. USDA Loans don’t have PMI. But there are upfront and annual mortgage insurance fees. Take a closer look.