construction loans: Game Changing Reasons Why the VA Construction Loan Program is Thriving
- 04/07/21 12:05 AM
Demand for custom built homes is on the rise and many Veterans who are in the market to build a new home are finding out about the VA guaranteed Construction loan program that has been around for years. If you are an eligible Veteran and qualify for a $0 Down VA Home Loan, then you qualify for a $0 Down VA construction loan as well! Not only can these Veteran borrowers select and purchase their desired lot / land, but they can also have a say in the design plans with a home builder of their choice for stick built, modular … (1 comments)
construction loans: The $0 Down VA Construction Loan
- 01/13/21 11:23 PM
In all my years of Mortgage Banking, I have not met or spoken with an eligible veteran who has not heard of the $0 down VA home loan program that is partially guaranteed by the United States Department of Veterans Affairs. This well-deserved home loan entitlement is bestowed upon our Military Heroes who are either active duty or honorably discharged after serving a specified number of days in the armed forces. Kudos to both the public and the military for continuously getting the word out. But what is not widely known is that this $0 down VA home loan can be … (1 comments)
construction loans: What Is The FHA One-Time Close Construction Program? Part One
- 11/08/17 05:43 AM
What is the FHA One-Time Close program? Who is it meant for? These are questions with important answers for potential FHA borrowers who are interested in applying for an FHA mortgage to have property built for them instead of buying an existing construction property. One-Time close mortgages are construction loans that differ from standard construction loans in that there is a single closing date for the loan rather than the traditional two closing dates. The borrower saves money on a one-time close loan thanks to the single loan for construction costs, land purchase, and the typical expenses associated with a home loan. These … (4 comments)
construction loans: VA Construction Loan Availability
- 08/02/11 03:23 AM
There are many frequently asked questions about the VA loan program. Some of those questions are about the availability of certain types of VA home loans. Some people, even in a trouble economy or difficult housing market, still seek construction loans, for example. VA construction loans are still technically available–the Department of Veterans Affairs has not eliminated these loans or stopped approving applications for them. But many lenders have decided to stop accepting new VA construction loan applications due to the current economy. Go to some lender websites and search for VA construction loan information and you may find disclaimers like … (0 comments)
Demand for custom built homes is on the rise and many Veterans who are in the market to build a new home are finding out about the VA guaranteed Construction loan program that has been around for years. If you are an eligible Veteran and qualify for a $0 Down VA Home Loan, then you qualify for a $0 Down VA construction loan as well! Not only can these Veteran borrowers select and purchase their desired lot / land, but they can also have a say in the design plans with a home builder of their choice for stick built, modular … (1 comments)
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