Richard's Real Estate Thoughts - Chattanooga TN Mortgage Lender: October 2016

VA 100% One Time Close New Construction Mortgage

VA home loans offer 100% mortgages for eligible veterans. This includes mortgages for purchases and for cashout refinances. Even for new home construction. VA One Time Close mortgage allows for veterans to finance the construction of a new home with 100% financing.

The VA construction permanent loan allows provides funds for the lot purchase and for the construction. The permanent loan is fully approved and the rate is locked before the construction begins.

Benefits include:

  • One closing for the construction and for the permanent financing

  • Contractor credit lines are not used

  • Permanent loan terms are locked

  • No updated borrower qualification for the permanent financing

  • No down payment required for new home construction


Thank you for visiting. This is the professional blog for

Richard Smith
NMLS# 184479 TN# 104002 Georgia Residential Mortgage Licensee, GA#28928 

Conventional, FHA, FHA 203k, HUD $100 down purchases, VA,

Rural Development (USDA), THDA and Jumbo Loans


Lending in Chattanooga, Tennessee and Georgia for over 20 years.

Fairway Independent Morgage Company

Cell phone: 423-280-0345 Email:  Richard.Smith@FairwayMC.com

Visit my website to inquiry about a home loan.

This blog represents the opinions of Richard Smith. The posts and comments written on the blog do not represent the opinions or positions of Fairway Independent Mortgage Corporation.

 
Comment balloon 1 commentRichard Smith • October 14 2016 05:59AM
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