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Is there a VA loan option for commercial purchasing

by kellen.11.usmc989715 from Beaufort, South Carolina. Jan 21st 2014 Reply


William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions

VA loans are only intended for a purchase of a primary residence. Not rentals, or commercial. But understand that when it comes to commercial financing, each loan stands on it's own because there are so many property types and scenarios, each with varying degrees of risk. So if your looking for commercial financing, then the best source would be scotsmanguide.com. The best advice I can give you is to contact a LOCAL mortgage broker and apply with them. Do not use the local "Big" bank, or one of those 50 states internet lenders or nationwide lenders...By applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with numerous lenders, seeking out the best loan terms for your particular scenario. Because he has lower overhead, he can offer you lower rates and lower fees than most of the larger lenders.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Jan 21st 2014
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Ken Baltes (kbaltes)
#16 ranked lender in North Carolina - 242 contributions

No and sorry.

Jan 21st 2014
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Phil Dumouchel (PhilDu)
#32 ranked lender in South Carolina - 2,249 contributions

Sorry, Kellen, but no. Commercial loans are an entirely different type of mortgage. If you or someone you know needs a residential mortgage (FHA, VA, USDA, conventional, renovation/repair escrow, etc...) or has questions, I'm right up the road from you in Charleston and in my 12th year as a mortgage banker having closed well over 1200 loans. pdumouchel@primelending.com

Jan 21st 2014
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Todd Glassman (Todd Glassman)
#1 ranked lender in South Carolina - 126 contributions

No there is not a VA option for Commercial loans but we do offer Commercial loans. Give Heather a call at our office about Commercial loans at 864-324-2477.We are located in SC. Tell her Todd sent you. Semper Fi

Jan 21st 2014
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Dave Metsker (DaveMetsker)
#35 ranked lender in Oregon - 2,318 contributions

Primary residence only.

Jan 21st 2014
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