Are you wondering about a VA Construction Loan or VA Construction Financing? Are you one of these two types of clients who are considering building a home using your VA Home Loan Benefit?
Perhaps you are the first type of client – you desire a bit more a “rural” living experience – more land and more open space than you can get from a typical Southern California “tract” home… yeah, I get it… I understand this yearn… to recreate an environment, an experience that feels more like home, maybe where you grew up in the Midwest or somewhere else with more open space.
Or perhaps you have already started your home search and come to the conclusion that, “This is tough going; it’s a competitive game trying to buy a home using my VA home loan.” You’re not alone… many active military or Veterans also arrive at this same conclusion as they begin making offers to purchase homes.
Some VA buyers are even driven to the point of thinking, “Hey, if I can’t easily buy a home on the market, why don’t I build my own home. I’ll show THEM that I can get the right home for me! Maybe I can even get a custom home, built in a quiet, peaceful location… ahhhh yes, this will be good!”
Yes… I admire and respect the desire, and I’ve witnessed this many times.
Again, you’re not alone. Plenty of ambitious and frustrated VA buyers have walked down this path before you. I encourage your enthusiasm, so I’m going to clearly describe the challenges you face as you pursue your goal of a home you can truly call your own. There are some narrow paths through these challenges… this dream can become a reality, especially with persistence. However, approaching your journey with eyes wide open will be necessary for your survival and ultimately, your success.
When trying to borrow money to buy a piece of land and build a home using your VA Home loan Benefit, you’re going to take a giant leap forward when you understand what the lender is up against when trying to help you. Making these loans is risky business. Ready? There’s a lot right here to get your arms around… let me show you how this works…