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04

Aug
2024

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In bad credit payday cash advance

Buyers Who Are Not Ready to Build

On 04, Aug 2024 | No Comments | In bad credit payday cash advance | By sakiko

Not everyone wants a house in the suburbs. Many people dream of building a home in the country with a range of features that they choose for themselves. VA Loans, in most cases, can’t be used to buy raw, unimproved land. This is because they are intended to purchase a priily will live in. There is an exception built in, however, for people who want to buy land and a custom-built home at the same time. If someone is buying a lot to build immediately and funds a construction loan simultaneously, they can qualify for a VA loan.

Always consult with a licensed mortgage or home loan professional before proceeding with any real estate transaction

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A VA loan can only be used for land if the borrower intends to build a home on the property right away. Read more…

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