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do you offer VA construction loans

by jgrey2012205 from , California. Dec 30th 2016 Reply

David Hosterman NMLS 220562 (dhosterman)
#12 ranked lender in Colorado - 26 contributions

Sorry we don't

Dec 30th 2016
Larry Gray (lgray_312_247)
#593 ranked lender in California - 1,139 contributions

It is extremely difficult to find any lender offering VA insured Construction loans because most banks do not want to deal with the complication and risk. FHA also has a construction loan they will insure that is just as near impossible to find, but many will provide the FHA 203k loan which is a rehabilitation loan that works whenyou have a dilapidated existing home, or just a home in need of some repair and upgrading. Other than the 203k loan we offer a construction loan with 20% down.If you could come up with the down payment, after completing the construction you could apply for a VA insured loan.

Jan 4th 2017
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