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Updated about 9 years ago on . Most recent reply

Alex D.'s profile image
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Alex D.
  • Rental Property Investor
  • from Honolulu, HI
  • Member since Aug 21, 2015
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Alex D.'s profile image
Alex D.'s profile image
Alex D.
  • Rental Property Investor
  • from Honolulu, HI
  • Member since Aug 21, 2015
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Alex D.
  • Rental Property Investor
  • Honolulu, HI
61
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143
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Starting Out

Tear down and rebuild with VA loan

Alex D.
  • Rental Property Investor
  • Honolulu, HI
Posted

Has anyone ever considered or tried buying an empty lot or a tear down and used their VA loan to construct a house to sell in a highly valued area?

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Kevin Hunter
  • Rental Property Investor
  • from Carlisle, PA
  • Member since Nov 11, 2013
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Kevin Hunter
  • Rental Property Investor
  • from Carlisle, PA
  • Member since Nov 11, 2013
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Kevin Hunter
  • Rental Property Investor
  • Carlisle, PA
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Kevin Hunter
  • Rental Property Investor
  • Carlisle, PA
Replied

@Alex D., the information above is incorrect. You can use VA to finance the construction of a new home. Although the process can be a bit tedious, there are lenders out there that will do it. If you PM me, I can give you the name of a national company and contact info for a broker that does them. All the same rules apply to the VA loan regarding occupancy etc...Good luck!

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