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Tag: construction perm

VA Construction Loans Allow Veterans to Build a Dream Home

Veterans and service members have access to unbeatable financing called a VA loan.  Where VA eligible buyers run into problem sometimes is building a new home.  Finding VA construction loans is very difficult today and most lenders require 20% down payment or more.  So what if you could have a construction loan and combine it […]
Construction Perm Loan Process from Loan Application to Moving In

Building a home is a dream for so many, but keep in mind that in many ways there are many more steps compared to buying an existing home.  A construction loan process for stick built and modular homes has a lot moving pieces.  In addition, building a home has so many decision to make as well.  So after […]
FHA Construction Loans Offer Affordability and Flexibility

Most banks and lenders will lend up to 80% or less on a construction to permanent scenario.  But for borrowers in NC and SC, we have great options for building a new dream home.  We combine the flexibility of an FHA loan with the benefits of construction financing.  FHA construction loans allow land owners to […]

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Russell Smith | Branch Manager, NMLS ID# 78989 | Licensed in NC, SC, VA

ALCOVA Mortgage LLC | NMLS#40508 | (www.nmlsconsumeraccess.org) | 308 Market St SE, Roanoke, VA 24011

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