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So What Can I Build With A VA Construction Loan?

Friday, March 27th, 2020

So What Can I Build With A VA Construction Loan?

Loan provider standards are incredibly necessary for this sort of VA mortgage loan. Not all the loan providers will issue loans for several home types, and construction loans are not any exception. Some lenders won’t approve VA construction loans for mobile domiciles, modular homes, or produced housing.

These loan providers might only approve “stick-built” homes, which will be this is of a typical household built through the ground up.

Some VA loan providers might not approve VA construction loans for multi-unit properties, but other people might. It is important to talk about your plans when it comes to house with the mortgage officer to see just what could be possible. (more…)