Hello Justin,VA does not currently offer a construction loan, no. However, I offer a construction loan that only requires 3.5% down. And if you own the land you can use that equity as the down payment and effectively have zero down. This is a great program backed by FHA only offered by a few lenders as far as I know. The qualification requirements are the same as regular FHA financing. I'm happy to help with the financing or just give you advice. If you need more information, or a competing rate quote call, email or use my live support button to discuss or get in touch with me. Web Address for live chat or quote is: http://www.loansfromrob.com/quote/ Email is robertlh66@verizon.net and direct phone is 240-752-7549. Good Luck -- Rob Hanson
VA financing can be used as an "end loan" or a "perm loan" to a separate construction loan in a 2 time close (http://iloanhomemortgage.com/borrowers/choosing-your-iloan-mortgage-program/mortgage-loans-for-new-construction/). Sometimes, you'll see situations where a bank will bring a 75-80 percent construction loan for the first part of a project and the builder carries the balance until the VA loan pays them off.
Not at this time.
The VA program does not currently offer construction loans.
VA itself does NOT offer that type of construction loan. But you can get a construction loan, buy the land and property, then pay the construction loan off off with a long-term VA loan after everything is built. Contact a local VA lender in your area for more information. In MN and WI, I can help. Visit www.VA-IRRRL-Loan-MN.com
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