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Who does VA construction loans?

by mwamsher793 from Conway, Arkansas. Sep 26th 2015 Reply


Reggie Crouse (ReggieCrouse)
#14 ranked lender in Arkansas - 4 contributions

This is Reggie Crouse, 501-681-5939 in Litttle Rock. NMLS # 990922 AR State Lic. # 104904. reggie.crouse@topflitefinancial.com. We have 2 or 3 options for those.

Sep 28th 2015
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William J Acres (William_Acres)
#2 ranked lender in Arizona - 7,933 contributions

VA construction loans are one of the most difficult loans to get and for that reason, I would be cautious if anyone is saying they can do one.. VA offers this option, but VA does not lend money, they only insure loans against default.. the lenders, or those with the $$$ will oftentimes have their own rules above what VA calls for.. it's these overlays that change from one lender to the next.. In essence, your asking the lender to front you the necessary funds, with no financial contribution from you, and hope that in 9 months to a year down the road, you still qualify for the loan. If you cannot find that one lender out there, then if you have your own funds available, you can go to your local bank, and apply for a construction loan, and once the property is complete, you can apply for a VA loan, and get your cash back at close.. 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 NMLS# 226347

Sep 28th 2015
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