VA Construction Loans - Q & A with a VA Lender

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  • Опубліковано 21 жов 2024

КОМЕНТАРІ • 32

  • @PA96704
    @PA96704 Рік тому +7

    Finding the Lender is the hardest part.

    • @richardbigouette3651
      @richardbigouette3651 Рік тому +1

      Did you already own the land, or did you buy it out of pocket first?

    • @PA96704
      @PA96704 Рік тому

      I own my land free and clear, it's graded with a septic installed. Just looking for someone to finance my house is hard. My land is worth $175,000.@@richardbigouette3651

    • @kyesims2426
      @kyesims2426 8 місяців тому

      Currently is my struggle right now!

    • @joelharrington9750
      @joelharrington9750 6 місяців тому

      @@kyesims2426 I work at a mortgage brokerage and I have a lender that offers this! Let me know if you’re interested and we can get in touch

    • @apseudo13
      @apseudo13 2 місяці тому

      Mine to the if you say construction to va the do t want to talk to you

  • @latonyasaffor152
    @latonyasaffor152 Рік тому +1

    Best simple explanation! I totally get it now... thanks for your help and support!

  • @localonly7264
    @localonly7264 Місяць тому +1

    Great information guys! I am a veteran currently living in South Florida. My home is paid off I would love to rebuild the home using my VA loan. Is this possible And do you have representatives in South Florida?

    • @SpaceCoastShane
      @SpaceCoastShane  26 днів тому

      Shoot me an email to shane@theburgmangroup.com and I’ll get you connected

  • @williechain6747
    @williechain6747 5 місяців тому +1

    Burgman! Look at you, showing up organically during my UA-cam search. I was like "Wait, I know him!" such a celebrity 😏😏

  • @2023Red
    @2023Red 9 місяців тому

    I would like to know more on VA Construction Loan, either END or Perm. Specifics, 1. We have excellent FICO scores above 800. But we also have an existing VA home loan we want to keep. Does having an existing loan, currently under 300k, matter? 2. We have been considering The Villages area. Or, Land of Lakes. Do these areas qualify? 3. Does being 100% Permanent and Total VA disability matter for your programs? Thanks. Robert

    • @SpaceCoastShane
      @SpaceCoastShane  9 місяців тому

      Shoot me an email so I can provide you with more info: shane@carpenterkessel.com

  • @jaycollins2929
    @jaycollins2929 Рік тому +1

    Hello there I have a question if speaking to a lender how do we know that the VA can be applied to a construction loan the reason I asked that question I call my local bank and they will only cover me to 85% and are not able to tie the VA loan into the perm.

  • @johnadams247
    @johnadams247 9 місяців тому +1

    Do the floorplans have to be stamped by an architect, (approximately 5k) or can I use floorplans from a draftsman ( approximately $500) as long as the builder is licensed?

    • @SpaceCoastShane
      @SpaceCoastShane  9 місяців тому

      Depends on the builder and if they can get approved.

  • @marcialperezjr9530
    @marcialperezjr9530 5 місяців тому +1

    I currently own a home using the VA loan and I have it out for rent at the moment. I want to get another house with my second entitlement because I still have remaining eligibility. Can I use a VA construction loan for that second home?

    • @SpaceCoastShane
      @SpaceCoastShane  5 місяців тому

      This is a great question! There’s some more information we need to determine this, so if you’ll send me an email, I’ll be able to make sure to get precise answers for you.
      Shane@theburgmangroup.com

  • @Eric-cn1me
    @Eric-cn1me Рік тому +1

    I’m a veteran in the process of using the VA construction to perm loan in Georgia for a custom home build. I’m already pre approved, have building plans, land & I have a certified VA builder. So far as for builders deposit who pays their deposits? Will the bank cover the builders deposit? To my understanding the veteran pays nothing out of pocket except closing costs. Your feedback would be greatly appreciated.

    • @SpaceCoastShane
      @SpaceCoastShane  Рік тому +1

      First of all, congrats! Secondly, this really varies depending on the builder.
      There was a time where the veteran would pay minimal draws for the construction process, but I think most builders have changed that.
      Locally, our builders do with a call as “draws” or percentages of the down payment throughout the progress of the construction.
      Ultimately, you will need to ask the builder what their process is and how they work with veterans.
      Please keep me up-to-date on this! I’d love to hear more about your journey

    • @Eric-cn1me
      @Eric-cn1me Рік тому

      Thank you for your response, I will keep you informed about my journey. Are you able create a video about the appraisal process for custom construction? The appraisal process makes me nervous just a little.@@SpaceCoastShane

  • @sugaman4life
    @sugaman4life 8 місяців тому +1

    Does the loan also include land clearing?

    • @SpaceCoastShane
      @SpaceCoastShane  7 місяців тому

      It should as that would be a builder expense.

  • @MistiMist
    @MistiMist 5 місяців тому

    I couldn't find anyyy information on an "end loan"... Anyone got any information on this?

  • @MistiMist
    @MistiMist 5 місяців тому +1

    What's an end loan? Can I get some information on this please?

    • @SpaceCoastShane
      @SpaceCoastShane  4 місяці тому

      Shoot me an email and I’ll get you connected with my go-to VA lender.
      Shane@theburgmangroup.com

  • @MercMadam
    @MercMadam 7 місяців тому +2

    Anyone know any lenders Va construction in Illinois? Thank you. 🙏🏼

    • @SpaceCoastShane
      @SpaceCoastShane  7 місяців тому

      Shoot me an email and I’ll connect you.
      Shane@theburgmangroup.com

  • @Therealjordan22
    @Therealjordan22 2 місяці тому +2

    He lost me when he said VA loans require buyers to pay closing costs