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Updated over 5 years ago on . Most recent reply

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5
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Brent Robinson
1
Votes |
5
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VA construction loan.

Brent Robinson
Posted

I have tried looking around for a single close construction loan for a multi-unit building. I have access to a VA home loan and plenty of banks will fund a construction loan using the VA. But it's only for a single-family home.

Is there a bank that would do this or will I have to do a two close construction loan?

Most Popular Reply

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327
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Matt Crusinberry
  • Hollidaysburg, PA
350
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327
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Matt Crusinberry
  • Hollidaysburg, PA
Replied

@Brent Robinson, Rgr... I apologize for the misunderstanding. As another alternative, you could just do a traditional construction loan (bank or builder) or come out of pocket and then put it into a VA home loan on a multi-unit property. As you seem to know, construction loans are short term loans and most banks don't want to deal with it in regards to the "no money down" (hence your question). I wish you the best of luck!

  • Matt Crusinberry
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