VA Construction Loans
Zero down payment is possible!
Helping Veterans Secure Construction Loans
Hurst Lending is thrilled to introduce one-time close construction loans that can be financed through the VA loan program. Finally, first-time home buyers and buyers with less-than-perfect credit can build a new home with the affordable terms of a VA loan. Our VA construction loans feature:
- Land, construction, and mortgage in a single, low-interest loan
- Easy qualification
- Fees and construction phase interest can be rolled into the loan
- No payments during construction
Over $1 Billion in Loans Funded
And we are just getting started!Â Â
Offering loans in Alabama, Colorado, Florida, Georgia, Idaho, Iowa, Louisiana, Oklahoma, Oregon, Pennsylvania, Virginia, Texas and Washington.
Why Use Our Services?
Make a Smart Move
VA CONSTRUCTION LOAN
No money down â instead of up to 30%!
Land, construction and mortgage in a single loan
Close only once â no risk of becoming un-qualified during construction
No payments during construction
Getting a Construction Loan doesn’t have to be.”
Dat Nguyen,Â Hurst Lending Investor
Former Pro Football Player & Coach
Get a VA Construction Loan
The History of the VA Loan Program
After World War II, an increase in the U.S. Veteran population pushed Congress to pass large numbers of new benefits for war Veteransâthe most significant of which was the World War II GI Bill, signed into law June 22, 1944. The VA Loan Program, a byproduct of the GI Bill, was created to help more Veterans achieve the American dream of homeownership. The U.S. Department of Veteran Affairs insures VA loans, making it less risky for lenders to offer loans to those employed in military services. Therefore, veterans can get affordable rates and terms despite less credit history or lower credit ratings from lenders participating in the Veteran Affairs (VA) loan program.
VA loans are specifically tailored for veterans and are among the easiest mortgages to qualify for while requiring a smaller down-payment than many other loans. Hereâs what you can expect from a VA loan:
- Easier credit qualification â while minimum credit scores vary based on the exact loan requirements, borrowers typically need a credit score of 620 or higher to get the best rates
- No Down PaymentÂ
- No PMI Required â Unlike FHA and conventional loans with less than 20% down, VA loans do not require PMI
- Most members of the military, veterans, reservists and National Guard members are eligible to apply
- Active members qualify after six months of service
We Also Offer Other Construction Loans
Not Just Lenders - Problem Solvers!
Lots of mortgage lenders can offer a good rate on a conventional loan. We can too â in fact, our rates are some of the best around.
The difference? Hurst Lending finds ways to make the deal work when your mortgage needs are outside the âconventional loanâ box.
About Hurst Lending
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