In previous editions of the blog we’ve covered topics related to buying property for custom homes, and what the VA says can or can’t be done when it comes to building those custom houses. One of the rules of the VA mortgage when it comes to custom homes concerns who can build those properties. Not just any contractor is allowed to break ground on property purchased with a VA guarantee—the builder must be approved by the VA.
Did you know the Department of Veterans Affairs has a searchable database of VA-registered builders across the United States? Whether you want to help a client get into their dream home with a VA guaranteed loan in San Antonio, Texas or Cheyenne, Wyoming, chances are there is a VA registered builder near you ready to do the work.
The VA’s searchable database is called the Builder Locator and can be found here.
This is a valuable resource to have at your disposal when a client comes asking about undeveloped lots. A VA registered builder search for Cheyenne, Wyoming turns up more than 100 names, and there are more than 400 in the San Antonio, Texas area. Do you know who you could refer a client to if they need a name in your town? It’s up to the client to decide who they want to use, but being able to refer a veteran to the list for your area could be a huge step forward for both them and you.