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Are their any Va lenders in the Raliegh/Durham , NC area that do Va constuction loans ?

by qltservices115 from Durham, North Carolina. Jul 28th 2015 Reply


Steve and Eleanor Thorne (Eleanor Thorne)
#2 ranked lender in North Carolina - 24 contributions

We do not know of any - however, BB&T does a ton of Construction lending in this area, and would be a good resource.

Jul 28th 2015
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William J Acres (William_Acres)
#2 ranked lender in Arizona - 7,933 contributions

This is a very hard loan product to find.. essentially,your asking a lender to build a home and not collect anything since your financing 100%. So my suggestion is that if you find anyone willing to do it, you should go with them.. I'm a broker in Scottsdale Arizona and I only lend in AZ.. if you or someone you know is looking for financing options, fell free to contact me, William J. Acres, Lender411's #1 Lender in Arizona. 480-287-5714, WiliamAcres.com

Jul 28th 2015
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Joe Metzler (JoeMetzler)
#1 ranked lender in Minnesota - 3,524 contributions

It is virtually impossible to do a new true new construction purchase loan with no money, even when your long-term loan will be a no down payment VA loan. Generally you will need to do a construction loan with down payment money required. When the home is completed, you can pay off the construction loan with a long-term VA fixed rate loan... You can usually also do it "cash out" to not only pay off the construction loan, but to get back any down payment. A better option is to find a builder who will fund the entire purchase and build the house. This is the most common version. When the home is completed, you buy it with your zero down payment VA loan. www.VA-IRRRL-LOAN-MN.com

Jul 30th 2015
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Ed Campbell (EdCampbellVA)
#79 ranked lender in North Carolina - 22 contributions

I am in Charlotte and we offer the VA Construction to Perm product. One time close.704-743-6931Ed Campbell NMLS#459922

Jul 31st 2015
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