Do you offer VA loans on new construction? Would it be a construction to permanent loan?
We currently own the property, free and clear, that the house will be built on and we have a closing date to sell our current house so we are looking for a construction loan that will roll over to permanent once the house is built. by patchohvn804 from Anderson, South Carolina. Apr 28th 2017
William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions
Yes.. and No.. Although VA does allow for VA construction, very, very few lenders off it.. It literally one of the most difficult loan products to find.. That being said, since you already own the land unencumbered, you could go to a local bank and apply for a construction loan.. once the property has been completed, you can apply for the VA loan to pay it off. I'm a preferred Lender with Arizona and California being my primary markets. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com NMLS# 226347 / RPM Mortgage NMLS 1541014 / AZMB0121893
Bill Nisbet (billnisbet@gmail.com)
#19 ranked lender in South Carolina - 10 contributions
VA construction to perm loans are very rare. Although we can offer you a construction line and then close it on a VA once it is completed. Since you already own the land the out of pocket for the construction loan would be very little. Contact me for more details and I would be happy to discuss.Thanks,Bill NisbetMortgage BankerNMLS #440429, Licensed in SC ________________________________________501 Bramson Court Suite 100, Mount Pleasant, SC, 29464Office: 843-412-3414 | Fax: 855-682-6941billnisbet@atlanticbay.com | www.billnisbetmortgage.com
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