VA construction loans

VA does not currently offer any form of construction loans or rehab loans. VA requires that the home be completed and move-in ready. FHA does offer a rehab loan which is commonly called the 203K loan. VA does not offer anything similar. ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ www.LoansA2z.com 888-889-9950

You can convert a construction loan to a VA loan, however as you have seen.. VA does not offer construction loans.. The property must be in move in condition... FHA 203K.. Offers a rehab loan... The best advice I can give you is to contact a LOCAL mortgage broker, not the local "Big" bank, and certainly not one of those 50 states internet 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. 480-287-5714 WilliamAcres.com

I guess I don't really understand your question... We are located right here in St Paul. Click my name to the right to contact me.

Can you clarify your question?

A construction loan is a mortgage with payoffs to contractors during the process and allows an appriased value as of when work is completed. (Future value). VA does not provide that type of financing. If you are asking about a VA purchase of a completed new construction, that would be a normal VA loan. Please clarify.