Q: Can a VA Loan be Used for New Construction? A: John Bell of the Department of Veterans Affairs explained that veterans with a VA loan do have the ability to use it with new construction, and that the VA certainly does have that authority. The only issues he’s seen have occurred with the lender and the programs they have available.

How a Construction Loan Works VA Construction Loans Explained | Amerimax Capital LLC. – VA Construction Loans Explained. CHM Lending is one of the few select lenders in the country that writes VA construction loans. Previous Story: Construction Loans Explained October 9, 2017.

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There are two types of loans in the financing of a new home: the construction loan and the residential mortgage loan. Many institutions offer construction-to-permanent financing, which rolls the construction loan over into the mortgage and requires only one closing. VA allows the home loan guarantee to be used for construction loans.

VA Construction Loan: What You Should Know – VA.org – A VA Home Loan is intended for any service member or veteran who intends on purchasing, refinancing, or building, a home. Many people aren’t aware that, because of this last point, a VA home loan can be used as a VA Construction Loan. VA Construction Loans are considered by many lenders as a higher risk investment, so it is important to look around at many lenders to find the best option for.

The Construction to Permanent Loan Application Process Explained Your best weapon in the construction to permanent loan process is a loan officer at a reputable lender who has shepherded many home construction projects through from beginning to end.

VA Construction Loan Experts – Security America Mortgage – VA Construction Loan Building a custom home is the dream of many Veterans, however many Veterans are wrongly informed that lenders do not offer a VA construction option. Our Loan Originators are experts in helping Veterans achieve their dreams of being a home owner and are now offering our borrowers the option to build a home with as little as.

VA loans and new construction: When, and how, it can work – VA loans and new construction: When, and how, it can work. A VA-backed loan can be used to buy the land and fund the construction of your new home, but there are several hurdles to clear. (Seth.