So is the only advantage to using the V A zero down and 7.25% interest rate? I’ve heard they can take longer and are a little more particular about certain things. Can improvements on property reduce interest rates? Can you get a better rate from a bank or Capital Farm Credit etc etc
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VA Land loan vs everyone else
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VA doesn't do land loans. They will do a loan for land in conjunction with a construction loan for your primary residence or land that already has a residence which will be your primary residence.
I think you might be referring to the Texas Veterans Land Board which offers loans on land only.
They require 5% down for a 30yr note and only lend up to $150,000.
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Don't buy one of the properties they have listed, those are all repo's. Find one you want and use them ti finance it. Yes, you are limited to $150k but you can pay that off quickly ( the rate matters less when you make extra payments) and then buy another. they were really easy to work with and never even had to meet anyone in person, it was all digital. they do only finance land so if there are structures they wont be included.
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