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looking for a company that deals with new construction VA loans

by bobbie.chaves945 from Lapeer, Michigan. Feb 16th 2017 Reply

William J Acres (William_Acres)
#73 ranked lender in Arizona - 8,726 contributions

The VA construction loan is literally the "needle in the haystack" type loan.. I'm not saying it's impossible to find, but it will be near impossible.. lenders are always analyzing risk vs. reward.. for ZERO down construction loans, they are the most risky loan out there.. a lot can happen in the 6 months to 1 year before you actually start making payments.. you could get sick, injured, and unable to work.. you could lose your job.. or have a spouse pass away.. or the market could drop which would result in your newly constructed home being worth less than what is owed.. All these scenarios have happened to construction loan lenders in the past, which is why during the mortgage crisis, construction loans were all but eliminated.. they are now starting to make a comeback, but finding a VA construction loan.. probably not gonna happen.. 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# 22634

Feb 16th 2017
Sara Deere (Mortgagequeen2)
#1 ranked lender in Missouri - 584 contributions

Contact a local mortgage broker in your area, because there are lenders that offer one time construction VA loans.

Feb 17th 2017
Michael Diaz (sincityloandr)
#60 ranked lender in Nevada - 66 contributions

If you are buying the home in a tract from a builder we can do the loan. If you are looking for a spec loan we can do that as well, we just wouldn't use the VA.

Feb 19th 2017
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