You can use a VA loan to build and finance a property you’ll use as your primary residence. However, you cannot use this type of loan to fund the construction of a vacation home or investment property ...
VA construction loans are designed to benefit active-duty U.S. military service members and veterans. Eligible borrowers may be able to build a new home without a down payment, but there are strict ...
When buying a home, many service members and veterans have the unique advantage of using a VA home loan. While some families have used this benefit several times, others haven’t used it at all — often ...
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VA loan benefits and disadvantages
VA loans offer many benefits such as no down payment or mortgage insurance, easier qualifications and lower interest rates. However, they also have drawbacks such as a required funding fee, property ...
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Can active military get a VA loan?
Active-duty military members are eligible for VA home loans after serving for 90 straight days (181 days during peacetime) without an interruption in service. You or your spouse and dependents have to ...
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