I am looking to find a lender that does va construction loans in Eden Prairie

Be Careful.. although VA allows for construction loans, There might only be 5 lenders in the whole country that allow for it, so I would be cautions of anyone saying the can do it.. This is assuming your talking about buying a lot and building a custom home.. This type of construction loan is virtually non existent. Keep in mind that VA does not lend money, they only insure loans against default.. the lenders.. or those with the $$$ will usually have their own set of rules above and beyond VA.. and it's these additional guidelines that prevent most lenders from offering construction loans.. If you think in terms of what happened in 2006.. Folks went to the banks and got approved for a construction loan, then 9 months later when the construction was complete, the property value plummeted and was no longer worth what you agreed to pay for the property initially.. this was a huge reason for many loan defaults on constriction loans, and for this reason, most lenders eliminated their programs.. with VA, since you don't need any money down, the lender takes an even greater risk.. Now, if your talking about purchasing a new home within a new home subdivision, where the builder builds the home on their own dime, then this type of financing is available, and is not really considered a construction loan.. with this type of purchase, you give the builder a deposit and when the home is complete, you apply for a VA loan. .. 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

We might be able to help you out. Shoot me an email and I'll respond with some details we'd need. Satori Mortgage - dortega@satorimortgage.com

Contact us at TakandAssociates.comdelania@TakandAssociates.com

Typically you or the builder would get a construction loan and then take out the construction loan with your end loan which in your case would be the VA loan. I am local. My office is in Roseville Minnesota. I would be glad to help. My office number is 651-558-9810

Hey Jeremy? I am on a specialized builder group here at Waterstone Mortgage in Minnesota. We have some excellent new construction programs and we are also an approved VA Mortgage Lender. I'd be happy to help you out. You can contact me at www.homeloans-mn.com

Our branch specializes in new construction financing. VA new construction financing is a great program that our team in well versed in (you can even go beyond conforming limits). Feel free to contact me at 951.851.8979. I'm out today but will get back to you first thing tomorrow morning.

VA does NOT do construction loans per se... You would need a construction loan, then when the property is done, you can obtain your loan term VA loan. Some lenders will help you with both, some you will need to get the construction loan from one lender, and the final VA loan from another. I am right here in St Paul, and would love to help... www.VA-IRRRL-Loan-MN.com

Normally a construction loan for 100% of the house price with a VA loan for the permanent mortgage is tough to find but sounds like severl others on this site may have options for you.