Forgotten Your Password?

Need to Register?

Question Icon

Do you know of any lenders willing to do a va backed construction loan? If so what is their name? Thank you

by kenneth.stevenson... from Redding, California. Jul 28th 2015 Reply


George Kulcsar (gkulcsar)
#329 ranked lender in California - 8 contributions

Hi Kenneth,Yes there are lenders that specialize in these types of loans (Very Few) and I have a few that can do the deal depending on where and how much you qualify for. The best way for you to really know what's out there is to get pre-approved. I can be reached directly at gkulcsar@loansimple.com or at 562-335-8272.Thanks,George KulcsarLoanSimple562-335-8272gkulcsar@loansimple.comwww.loansimple.com

Jul 28th 2015
1
0
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
1
0
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
0
0
Ed Campbell (EdCampbellVA)
#79 ranked lender in North Carolina - 22 contributions

Our bank picked up the VA and FHA One Time Close Construction to Perm loan. Very excited to get it. FHA and VA only finance up the the county max for the state/county you plan on buying in. Must be owner occupied single family homes. Please message me if you need more info. I can originate this product in all 50 states,

Jul 31st 2015
0
0
Subscribe to our news feed.