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Updated almost 5 years ago on . Most recent reply

User Stats

54
Posts
58
Votes
Robin Casper
  • Contractor
  • Syracuse, NY
58
Votes |
54
Posts

VA loan new build cash out refinance

Robin Casper
  • Contractor
  • Syracuse, NY
Posted

I plan to build my home for my family spending 200k cash (doing most of the work myself) and utilizing my VA loan 100% LTV. Build house for 200k, appraises at 300k, VA loans me 300k and I capture my initial 200k + 100k at low owner occupied interest rate. Has anyone done this?

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