11/26/2021
What are the benefits of doing a One Time Close VA Construction Loan?
✅100% financing through VA
✅Save Money
The single-closing program means one appraisal, one set of closing costs, one underwriting and qualifying process, which eliminates the time and expense of a second closing.
✅Option for No Payments During Construction
Paying rent for another place to live during the construction phase can place a burden on the borrower. With this program, once the loan is finalized, the payments don’t start until the home is complete.
✅No Re-Qualification
Once the closing is complete and the loan is in place, borrowers don’t have to worry about re-qualifying once the home construction is finished.
✅Locked In, Low-Interest Rates
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