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I need a VA lender that will do a one time close construction loan. I want to build a home with an airplane hangar attached but have been told by 2 lenders that they wont touch it. I own a lot on the runway at a residential airpark which does me no good if I cant build.
My down payment is the lot which I paid $100k for.
$630,000 build
$25,400/month W-2
Fico 8 800
Middle Mortgage 770
Backend 36% with $13,000 residual.
This should be a slam dunk VA deal but having a large garage is killing me. Anyone that can help?
Hello my fellow Veteran,
I closed an FHA with a hanger, but not a VA as of yet. Let me call on Monday and I'll get back with you.