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I am the land owner I also am the builder. How does that work for getting the v a construction loan

by oledudder338 from , California. Mar 11th 2018 Reply

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Mar 11th 2018
William J Acres (William_Acres)
#73 ranked lender in Arizona - 8,728 contributions

Ok.. First, VA construction loan's are nearly impossible to find.. and 2nd, if you did come across that one in a million lender who does them, it's unlikely they would allow you to build it.. The guidelines allow for it, but you cannot be paid for your labor.. only materials and sub's.. As a builder, your better off getting a business loan and then once the home is complete, buy it from your business using either VA or conventional.. I'm a preferred Lender with California and Arizona 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 NMLS# 226347 / RPM Mortgage NMLS 1541014 / AZMB0121893

Mar 12th 2018
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