Posted on Apr 7, 2022
Anyone know of a major bank or credit union that will offer a VA Construction Loan?
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Even major financial institutions that are tailored to the military community do not offer that VA benefit. I am not talking about warehouse mortgage companies.
Veterans Affairs (VA)
Mortgage
Money
Career Counselor
Edited >1 y ago
Posted >1 y ago
Responses: 3
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Buy the land with a conventional loan. Then roll it into a constuction loan.
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John Burke
A true VA one time close construction loan allows you to buy the land and build the home with 1 loan instead of 2 or 3. You start with a VA loan but, unlike a conventional construction loan, you do not make a monthly payment until the home is competed.
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