VA One-Time Close :: How To Get A Construction Loan With A VA Loan

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VA LOAN TIPS USA🇺🇸

VA LOAN TIPS USA🇺🇸

Күн бұрын

VA Construction Loan | How To Build Your Dream Home With The VA Loan
#VAConstructionLoan #VAOneTimeClose #VALoans #VALoanTips
Veterans have been wanting to build a custom home with their VA loan for years now. Only problem is in the past this was not possible because it would require the veteran to purchase the land separately with a "land loan," followed by a "construction loan," to build the home. Both of these two loans were often times out of reach simply due to down payment requirements, strict qualifying guidelines and higher interest rates.
One of things I love about the VA (when it comes to the loan department) is their ability to listen and adapt to the changing times. The VA has an option called the "VA One-Time Close" aka the "VA Construction Loan" which allows the veteran to purchase land, and fund the construction all in one loan without any down payment, ridiculous paperwork or qualifying standards.
In this video I am breaking down everything you need to know about how to utilize the VA One-Time Close to make this process smooth for you!
======
I teach veterans how to own a piece of the land they've defended. If you'd fight for it, you should own a piece of it!
📲 VA Loan Questions? Text/call: 210-777-7293
📝 VA Resource Guide: bit.ly/3FvcNVs
📅 Book your discovery call: www.homebyjosh.com/discovery
🔗 For more helpful tips go to: www.homebyjosh.com/
======
Do you know who you are in God’s eyes?
You are A CHILD OF GOD.
"But to all who believed him and accepted him, he gave the right to become children of God."
(John1:12NLT)
You are RIGHTEOUS.
"For God made Christ, who never sinned, to be the offering for our sin, so that we could be made right with God through Christ."
(2 Corinthians5:21NLT)
You are LOVED.
"But God showed his great love for us by sending Christ to die for us while we were still sinners."
(Romans5:8NLT)
You are FORGIVEN.
"For he has rescued us from the kingdom of darkness and transferred us into the Kingdom of his dear Son, who purchased our freedom and forgave our sins."
(Colossians1:13-14NLT)
You are BLESSED.
"All praise to God, the Father of our Lord Jesus Christ, who has blessed us with every spiritual blessing in the heavenly realms because we are united with Christ."
(Ephesians1:3NLT)
You are CALLED.
"For we are God’s masterpiece. He has created us anew in Christ Jesus, so we can do the good things he planned for us long ago."
(Ephesians2:10NLT)
You are CAPABLE.
“For I can do everything through Christ, who gives me strength."
(Philippians4:13NLT)
You are COMPLETE.
"So you also are complete through your union with Christ, who is the head over every ruler and authority."
(Colossians2:10NLT)
You are A CONQUEROR.
“…overwhelming victory is ours through Christ, who loved us."
(Romans8:37NLT)
You are VICTORIOUS.
"But thank God! He gives us victory over sin and death through our Lord Jesus Christ."
(1 Corinthians15:57NLT)
======
All stats, data, house pricing, and anything else mentioned is always subject to change and is provided merely as an example at the time of this recording. This was created for educational purposes.

Пікірлер: 84
@theveteranagent
@theveteranagent 7 ай бұрын
Most loan officers say it’s very difficult to do and leave it at that to push for someone to purchase a resale home convenience service. We need to do better for our vets, thanks for leading the charge Josh. 🤘
@valoantips
@valoantips 7 ай бұрын
Thank you for saying that Danny! I agree. We need to be better and more transparent about the process.
@alaskanwhiskey
@alaskanwhiskey 6 ай бұрын
​@Gassseduptv187 otherwise I buy a house with a va loan.
@traxplays6780
@traxplays6780 5 ай бұрын
This is such a well put and informative video! Surprised it doesn’t have more views. Definitely hit the like button.
@valoantips
@valoantips 5 ай бұрын
Thank you for watching and for your kind words. I appreciate it. 🙏
@user-mq5ll1bw2u
@user-mq5ll1bw2u 4 ай бұрын
This video is the most informative video I’ve seen.
@valoantips
@valoantips 4 ай бұрын
Thank you for watching! I’m glad this helped.
@esmeraldawilliams5813
@esmeraldawilliams5813 7 ай бұрын
Great video! Thank you for teaching veterans how to use their VA loan for their dream home! 🎉
@valoantips
@valoantips 7 ай бұрын
Thank you for watching and for your support! 🙏
@christiensgarden3325
@christiensgarden3325 5 ай бұрын
Fantastic information thank you for doing it
@valoantips
@valoantips 5 ай бұрын
Thank you for your commenting. I hope this video was helpful.
@johnhouston8801
@johnhouston8801 6 ай бұрын
Great video, definitely interested in getting some more info from you guys about this process
@valoantips
@valoantips 6 ай бұрын
Thank you! I’m glad you liked it. For more info check out our website or click the link in the description to schedule a discovery call.
@melissatolentino5573
@melissatolentino5573 2 ай бұрын
Thank you so much for all the information! We just decided to build in Florida and we had no idea where to start!
@valoantips
@valoantips 2 ай бұрын
That’s awesome. If you need any help from us please reach out.
@kareembigdream
@kareembigdream 17 күн бұрын
Thank you brother
@valoantips
@valoantips 15 күн бұрын
Happy to help!
@joseromero9933
@joseromero9933 7 ай бұрын
Wow interesting video my man
@valoantips
@valoantips 7 ай бұрын
Thanks for watching. I hope it helped in someway!
@THEARCH2578
@THEARCH2578 Ай бұрын
Its 12 months, from what i was just explained. But those 12 months are paid for by the lender and rolled into the construction loan.
@carlosfelix5856
@carlosfelix5856 7 сағат бұрын
What is the best way to structure an IUL? What options should one choose to accumulate cash value quickly? How should one structure their policy so it doesn’t become a MEC?
@valoantips
@valoantips 7 сағат бұрын
Thanks for watching. I would recommend talking to a financial planner.
@Robidarobot1980
@Robidarobot1980 6 ай бұрын
I’d love to talk to you guys more about this information.
@valoantips
@valoantips 6 ай бұрын
Looking forward to chatting with you!
@davidpalmer8705
@davidpalmer8705 4 ай бұрын
Do you have to have blueprints and a contract bid from the builder prior to purchasing the land? It’s that way in a traditional construction loan. Meaning: you apply for the loan after you have sat down with the architect and builder and a number has been quoted.
@valoantips
@valoantips 4 ай бұрын
You can apply before to get an idea of budget and before owning or locating land. I would advise doing so to get a good idea of what your options are and build a game plan.
@ecollins366
@ecollins366 4 ай бұрын
Can this loan be used to build a multi Family property like a 4Plex? Very informative and enjoyable video man!
@valoantips
@valoantips 4 ай бұрын
I’m glad you liked it. Yes it can be used for multi family.
@texdoc89
@texdoc89 3 ай бұрын
Would this still work if I say already owned the land and wanted to build a tiny house to replace my aging one? I'm a 80% diabled vet in Texas and wanted to see even which loan if any I could use to facilitate the building of the tiny house on my property to replace my modular home.
@valoantips
@valoantips 3 ай бұрын
Yes you could do the VA One-Time Close on land you already own.
@vyllateamnj
@vyllateamnj 2 ай бұрын
Also what would be the title seasoning period for a Veteran after closing - we literally rehabbing upfront to prepare to sell to vets through private investors. It's just not fast enough for most needs.
@valoantips
@valoantips 2 ай бұрын
Just to make sure I understand the question, are you asking if there is a seasoning period like on FHA loans when there is a rehab or flip done?
@davidpalmer8705
@davidpalmer8705 4 ай бұрын
If you are planning on selling your current primary residence and moving to the new construction as your new primary residence: Can you put the proceeds from that sale down at the end of the build even though you closed 12 months earlier. Or do you have to refinance to put additional money down?
@valoantips
@valoantips 4 ай бұрын
Great question. You would have to sell prior to in order to put a down payment if you did a refinance later it would prove to be more costly.
@MercMadam
@MercMadam 6 ай бұрын
Does anyone have any loan companies that specialize in this? Thank you
@valoantips
@valoantips 6 ай бұрын
I do.
@QueenOfPrinciple
@QueenOfPrinciple 28 күн бұрын
Are Modular Home builds, eligible? I'm thinking of building a Luxury/Pre Fab, 2-story Modular home placed on my choice of l and? Thank you
@valoantips
@valoantips 27 күн бұрын
It would have to be fixed to a permanent foundation and immovable.
@MercMadam
@MercMadam 4 ай бұрын
Does anyone have any lenders in Illinois for this? Looking to do this very soon!!
@valoantips
@valoantips 4 ай бұрын
Me and my team service all 50 states. Whenever you’re ready reach out to us. We’re happy to help.
@MercMadam
@MercMadam 4 ай бұрын
@@valoantips can you send me contact info?
@longbluesquid
@longbluesquid 6 ай бұрын
Is it normally cheaper to build? I was just thinking about this.
@valoantips
@valoantips 6 ай бұрын
In some cases yes it is. Especially if what you’re looking for in your next home isn’t as easy to find without sacrificing things you think or necessary. I think the part that goes unnoticed is the time that goes into.
@lankytoast1315
@lankytoast1315 Ай бұрын
I’m a military reservist about to hit 6 years in the reserves. I know I am eligible for va loan once I past my 6 year mark in 2 weeks but does this apply for the va construction loan? Also, I am getting deployed in less than 6 months…. Houses are crazy expensive in California and I think using this type of loan is the only way to go about it even though it takes longer. Also, I love the Bible quotes at the description. I will definitely look into this.
@valoantips
@valoantips Ай бұрын
Yes this applies for va construction and any other type of va loan.
@Brabham54
@Brabham54 6 ай бұрын
Great video! What if I am a veteran that works for a homebuilder and wants to GC my own build. Would this loan allow that?
@valoantips
@valoantips 6 ай бұрын
Great question. This would not be possible though.
@klown20
@klown20 12 күн бұрын
They say it's a liability if the owner builds, but you can still hire people you know. Its important to have them bonded/insured.
@CrissyMack
@CrissyMack 7 күн бұрын
@@klown20the update that came out last month says the veteran can be the builder.
@valoantips
@valoantips 7 күн бұрын
@CrissyMack yup, we did a video on that last month too. Only problem is there isn’t anyone I know that is allowing it on the lending side at the moment. This could change in the near future but we’ll see what happens.
@tamia7530
@tamia7530 4 ай бұрын
Are you able to receive down payment and closing cost assistance when building a home? Or is that just for purchasing?
@valoantips
@valoantips 3 ай бұрын
No that’s not an option with VA One-Time Close
@vicenterios9264
@vicenterios9264 Ай бұрын
Do you have any connections for vA loan experts in San Diego. Temecula area.
@valoantips
@valoantips Ай бұрын
Yes I do. Give me a call, I’m happy to help.
@SparkyTheGrunt
@SparkyTheGrunt 2 ай бұрын
will the VA work with you if you do a Land contract or do owner financing?
@valoantips
@valoantips 2 ай бұрын
If that’s how you obtain the land that’s fine. As long as when you’re doing the VA Construction Loan all other forms of financing are paid in full and freed from the deed because the first and only lien must be the VA loan at that point.
@QueenOfPrinciple
@QueenOfPrinciple 28 күн бұрын
Can this be used to expand a current home w/land being purchased? Or is that a home Purchase Renovation Loan?
@valoantips
@valoantips 27 күн бұрын
We can do renovation loan.
@hofmannzlab
@hofmannzlab 2 ай бұрын
2 years ago i bought my home with a VA loan. My inlaws are selling us land. Can i still look into the VA one time loan while owning this house, or do I need to sell this house in order to go for it?
@valoantips
@valoantips 2 ай бұрын
That depends. If you keep your home, you'll have to use whats called second tier entitlement to buy the next one. If you have enough entitlement then you could buy it at 100% financing. If you don't there will be a down payment for whatever exceeds your entitlement. I have an entire video explaining second tier entitlement here: kzfaq.info/get/bejne/rZhjgJmZrb-ncmw.html
@Spidermonkey89
@Spidermonkey89 2 ай бұрын
How do we find a lender that will finance a Va construction loan? Our realtor doesn’t know of one but we just started working with a broker. He was trying to push us to buy vs build and every lender we have called won’t finance us. We’ve gotten a pre qualification through our broker but I’m worried he won’t find someone to finance it as it seemed he was trying to talk us out of it. We’ve found a lot and a builder
@valoantips
@valoantips 2 ай бұрын
Me and my team finance VA construction loans. We are happy to help.
@CH-tl1ey
@CH-tl1ey 4 ай бұрын
Who are the va loan specialists? The lender? Someone who works for the VA?
@valoantips
@valoantips 4 ай бұрын
Great question. VA loan specialists are the specific individual. It’s not really about the company. Me and my team focus 100% of our effort on VA loans ONLY and that has been our focus for nearly 8 years now.
@sherylcromedy471
@sherylcromedy471 2 ай бұрын
Can a veteran build a house on land they own with family members?
@valoantips
@valoantips 2 ай бұрын
If the family member is okay with ownership being transferred to the veteran.
@thisisruiz6935
@thisisruiz6935 2 ай бұрын
If I recently purchased a home using my VA loan. Would I still qualify to do the VA one time loan if I have the funds in hand.
@valoantips
@valoantips 2 ай бұрын
Can you give me some more context on the "funds in hand" part?
@thisisruiz6935
@thisisruiz6935 2 ай бұрын
@@valoantips Funds in hand meaning I have a large portion of the cash already. Would only need a small loan.
@valoantips
@valoantips 2 ай бұрын
@@thisisruiz6935 VA guidelines require occupancy to be satisfied for at least 1 year on the property you already purchased. If you have hit that point, then with the information you’ve given I think yes this should work.
@andrewwilson3359
@andrewwilson3359 5 ай бұрын
can you just tell us lenders to reach out too. Because at this point it seems like its a secret or not legit
@valoantips
@valoantips 5 ай бұрын
My team services all 50 states. If you'd like some help with this give us a call. We're happy to help.
@scarlettaoslonian7377
@scarlettaoslonian7377 2 ай бұрын
Please send me a copy of your book
@valoantips
@valoantips 2 ай бұрын
The ebook can be downloaded by clicking on the link in the description.
@joesmith-tg3co
@joesmith-tg3co 6 ай бұрын
no VA does not do construction loans
@valoantips
@valoantips 6 ай бұрын
That is inaccurate, the VA does allow the VA One Time Close which essentially is a construction loan for VA Loans as mentioned in the video.
@joesmith-tg3co
@joesmith-tg3co 6 ай бұрын
I tried with 10 different lenders and I have a 780 credit score and they all told me no, my land was free and clear, I think it was because I am a disabled vet, Veterns United was the first one who told me no@@valoantips
@valoantips
@valoantips 5 ай бұрын
Thats because not all lenders do it. It is the lenders choice as to whether or not they want to offer it. If a lender didn't do something, its very unlikely they're going to tell you someone else does.
@navyglass1242
@navyglass1242 3 ай бұрын
None of this information matters. To build a nice quality home nowadays it's gonna be upward of 500,000 dollars. And that's kind of mid ground and you could very easily pay even more. This is because building material is sooooo expensive that a regular home now cost so much money to where your mortgage is ridiculous.
@valoantips
@valoantips 3 ай бұрын
This couldn't be further from the truth. We just had a veteran less than 1 week ago doing the VA One-Time Close at no where near the amount you're claiming is needed. We have several others who are doing the same thing at much less as well.
@asianmanswhore295
@asianmanswhore295 Ай бұрын
That's not true at all?? A standard 2000sq/ft home costs around 300,000 and this includes the cost of the architect. In Colorado where I create invoices for clients of a contracting company, I know the numbers for what kind of home well and 500,000 would get you at LEAST a 3800sq/ft home. Building a home isn't as expensive as buying one that has had no upgrades since 1999. You're spreading misinformation for what???
@aftech7268
@aftech7268 2 күн бұрын
What is a barndonimium in thought VA dont fund barn type homes …. I have a garage type home on a land that i want to buy .. half completed … can i get a va loan on this ? If so whats please provide your phone number i need to buy this property and the land it sits on ASAP
@adreamrealizedineternity
@adreamrealizedineternity 2 ай бұрын
Hi do you have email
@valoantips
@valoantips 2 ай бұрын
Josh@HomeByJosh.com
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