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Construction or Non Construction Investments Form

Construction or Non Construction Investments Form

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the scenario that we hear of a lot of folks lately that do get denied or other lenders are telling them hey you can't do this with a VA loan generally revolves around construction and buying land and trying to build something on the home the VA loan will fully allow new construction and there's a few different ways that can be done but not all lenders work with that the majority of lenders that at least I'm aware of won't touch what we call one-time construction loans that's where but you want to buy the land and you want to build the house right away on that land and you got the plans everything set up to run and you want to use a VA loan refund it up front you close it they build it and on you go you got your permanent financing meaning you don't have to redo a finance loan again CU sometimes in construction they say you need a construction loan which will generally be shortterm and pay directly with the contractor and then you get perm

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