And if you’re a veteran who’s looking to purchase a house, you might not find something that satisfies your preferences. If it occurs, the next most suitable choice is to purchase a plot of land and grow your very own household through the ground up. Wondering whether a VA can be used by you loan to get an item of land? Continue reading for more information about VA land loans.
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Can a VA is used by me Loan to get Land?
You should use a VA loan to shop for land, however you must fulfill particular needs. For instance, you simply cannot make use of VA loan to purchase land when you have no intends to increase the land in the not too distant future (and create a main residence you, the veteran, will occupy). And you can’t make use of VA mortgage buying an investment home. There are limitations regarding VA loans therefore the construction of the combined domestic and company home. (more…)