Can I buy new construction with a VA loan?

The answer is a resounding YES.

IMG_1093In the last year four of my clients buying new construction in Northern Virginia have used a VA home loans.   As far as I know there aren’t any new home builders who don’t have a VA home loan option and most of them also offer an incentive to active duty and retired military buyers as well.

One of the myths about a VA home loan is the length of time it takes to close a VA home loan.  This summer one of my returning military clients wrote an offer on a new spec home in Woodbridge VA and closed in 21 days with their VA loan.   There is no reason for a VA home loan process to take any longer than any other loan.

VA Loan Zero Down PaymentVA home loans are competitive and are one of the only options for a zero down payment loans in today’s market.  According to the VA, 84% of VA home loan buyers use the no money down option when purchasing a home.The VA home loan benefit is one that an active duty service member and veteran have earned and one you should use when you buy a home.

Not sure if you are eligible for a VA home loan?  Check out the VA Home Loan Eligibility chart to determine what you will need to do to receive your Certificate of Eligibility.

If you are relocating to Fort Belvoir, the Pentagon, Quantico MCB or any other military installation in the DC are give me a call.  We understand the VA home loan process with new construction homes and can help you make the most of your benefit.

 

 

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