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Is there a VA mortgage for buying joint land/home?

I'm looking at a property with ~2 acres for sale right near it. Can I get financing for both in one transaction? I am VA qual and have 733 credit by ariasantos9746228 from Norwalk, Connecticut. Oct 27th 2014 Reply


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Oct 27th 2014
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Definitely .. call me at 124-432-9047

Oct 27th 2014
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Justin Egan (justin.egan@rmsmortgage.com)
#41 ranked lender in Connecticut - 11 contributions

I would be glad to assist you. Please email me direclty at Justin.Egan@rmsmortgage.com We would need to find out if the land is included in the listing.

Oct 27th 2014
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Robert Graybill (rgraybill72)
#8 ranked lender in Connecticut - 26 contributions

Hello,With any type of mortgage including a VA mortgage, financing is available only for one building lot. If the 2 acres were part of the property of where the home sits and according to the town's field card it is showing they are one lot, then you would be ok. If the 2 acres are a separate lot and is just land without a home, you would have to apply for financing separately and request for a land loan. Many local mortgage companies do not offer land loans, but some local town banks may be able to. I would be happy to assist you with getting pre-approved for a VA mortgage. Give me a call any time if you would like to discuss rates, monthly payments, and closing costs. 203-530-2674I hope this was helpful.Sincerely,Robert

Oct 27th 2014
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William J Acres (William_Acres)
#2 ranked lender in Arizona - 7,797 contributions

NO.. you cannot purchase multiple lots under one loan.. If however the owner of the property with the residence, also owns the 2 acres next door, then they could sell you the home and give you the 2 acres with a zero dollar valuation.. VA would allow this, but understand that they would not give you any additional value to the residence for the additional acreage. .. 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 WilliamAcres.com

Oct 27th 2014
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