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How can I find a VA construction loan lender?
3 Comments · Posted by admin in construction loan
I am building a new house very soon and like to have VA construction loan. But I can’t find a lender which provides VA construction loan anywhere. If anyone knows a lender which provides VA constuction loan, please give me some advice.
What I need is "VA Construction Loan", not "VA Home Purchase Loan" as I am building a house. Many banks in my town provide VA Home Purchase Loan, but none of them provide VA Construction Loan. So, I am trying to find VA Construction Loan on the internet.
Are you a member of USAA? I know they hand VA loans. Most banks do as well, you will need to get your preapproval, I believe you can apply at www.VA.gov, they will send you a certified document stating how much you are approved for and then you take it to pretty much any lender. If you find a lender you like they will help you through the process and probably have a way to fast track it. Its pretty much the government co-signing on your loan, that they will repay if you default.
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webcrafter · March 18, 2010 at 2:34 am
You did not list the state – but your loan officer at the bank should be handling all of that. I know Bank of America does – here are some links to help you:
VA Loan Information
http://www.Military.com
http://www.nlineVAservices.com
http://www.omeloans.va.gov/faqcv.htm
Loan Guaranty Service, Construction and Valuation Frequently Asked …Detailed information about speecific situations may be obtained from the Construction and Valuation Sections at the Regional Loan Centers (RLC)
VA Loan Site MapVA Loan Information: What is a VA Loan? How much can I borrow? … VA Adjustable Rate: VA ARMs for Adjustable Financing; VA Construction Loans
http://www.valoans.com/sitemap.cfm
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ArmyWife427 · March 18, 2010 at 2:54 am
Are you a member of USAA? I know they hand VA loans. Most banks do as well, you will need to get your preapproval, I believe you can apply at http://www.VA.gov, they will send you a certified document stating how much you are approved for and then you take it to pretty much any lender. If you find a lender you like they will help you through the process and probably have a way to fast track it. Its pretty much the government co-signing on your loan, that they will repay if you default.
References :
Gary H · March 18, 2010 at 3:04 am
Check out Loan-Com.info and do a search for VA construction loans. They have dozens of loans available at reasonable rates and affordable terms.
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