Lenders Offering VA Loan for Modular Home Construction in Michigan

Because it’s tough to find VA loan lenders out there, Legendary Homes Inc. is here to assist you.

Many veterans wind up using a homebuilder or a local financial institution. That can present hurdles like a down payment, which may be required to secure a VA loan. You can and should talk with as many builders and local banks as possible. Look for the best possible terms out there in terms of down payment, closing costs and more.

Some builders may have programs or deals especially for veterans and military families to build a modular home. Be sure to do your homework on the company and ensure it’s a legitimate builder with a track record of success and satisfied homeowners.

You can also check with lenders to see if they’ll actually do a true VA construction loan, where the lender pays draws to the builder as the project progresses. But know going in that you might struggle to locate one. Like so many other lenders, Veterans United does not make construction loans to build new homes.

You’ll have considerably better luck locating VA lenders willing to turn that short-term construction loan into a long-term VA loan. This is something Veterans United can help you with.