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Does the construction to perm va loan include a 4 plex

by rubenlaramwd748 from , California. Jan 27th 2016 Reply

William J Acres (William_Acres)
#73 ranked lender in Arizona - 8,727 contributions

It can so long as you're living in one of the units.. The problem is finding a lender who will do a VA Construction to Per loan.. This is a VERY difficult loan product to find.. 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 NMLS# 226347

Jan 28th 2016
Carlos Hernandez (CarlosH)
#926 ranked lender in California - 30 contributions

I might be able to help. I'm a mortgage broker in California You can contact me directly at 408-829-0720 or or

Jan 28th 2016
Larry Gray (lgray_312_247)
#594 ranked lender in California - 1,139 contributions

I have done the construction to perm loans as have some of my very experienced colleagues but have never come across one who offers the construction to perm VA loan. It presents challenges that most lenders do not wish to take on even though VA allows for it in providing insurance. Because it's tough to find VA lenders out there willing to pay the up-front costs of construction, many veterans wind up using a homebuilder or a local financial institution (us for instance.) That can present hurdles like a down payment, which may be required to secure a construction loan. You can and should talk with as many builders and local banks as possible. Look for the best possible terms out there in terms of down payment, closing costs and more.Some builders may have programs or deals especially for veterans and military families to build a home. Be sure to do your homework on the company and ensure it's a legitimate builder with a track record of success and a track record of satisfied homeowners.

Jan 29th 2016
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