VA Construction Loans in Texas
Veterans can apply for VA construction loans in Texas . These types of loan are similar to conventional loans, but they require a larger down payment. In addition, the VA has special rules regarding eligibility. In most cases, a veteran can only apply for a construction loan if the home will be their primary residence. The size of the house and residual income are also considerations for qualifying for these types of loans. But regardless of the requirement for a down payment, a veteran can qualify for a VA construction loan. A VA construction loan requires that you select a builder approved by the VA. The VA construction loan process is fairly simple. The lender will review your credit score and other relevant documents. During the pre-approval process, you should provide the last 60 days of pay stubs and two years of W-2s. In addition, you should also be able to supply the last two years of business and personal tax returns. Another important factor is the location of the ...