VA home loan expert, Chris Birk takes you through how a VA Loan can help build your home using a construction loan.
Building your dream home is a possibility with a VA home loan, but it isn’t always an easy road. This no-down payment program allows qualified borrowers to use their VA loan entitlement to obtain a mortgage for new construction. But it can be challenging to find lenders willing to make a true $0 down VA construction loan.
0:14 – Tough to Find a Lender
0:30 – Turn Construction Loan to VA Loan
0:46 – Traditional Construction Loan
1:00 – Shop Around
1:26 – Restrictions
1:37 – Traditional Land Loan
2:08 – Permanent Financing
3:05 – VA Appraisal
3:41 – VA Purchase vs. Refinance
4:19 – Real World Example
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