Tear down and rebuild with VA loan
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?
Most Popular Reply
@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!