NHA loan construction rules and income limits
The article outlines NHA loan rules: construction must start within 90 days of loan approval with a 60 day extension possible on 30 days’ notice. extension fee is 5 per unit, only one extension allowed. It also notes income considerations and approval timing for partly built homes, and debt-to-income ratios of 27 percent for single family and 39 percent for duplex or semi detached homes.