VA Construction is the definition of a “niche” that most banks don’t want to get into.

My veteran client was relocating with his family (including 5 kids) and needed to be in his new home as soon as possible. My banker friend referred him to me because he was already under contract for the land and had a specific modular home already picked out with a retailer.

We got to work immediately.

The retailer was able to get me specs and plans for the new home within a few days. They were responsive (which is super important on these deals), and we had them vetted and registered as an approved builder in about a week.

I reassured the builder/retailer that our veteran client qualified and that I've closed a lot of these, so they ordered the unit from the factory.

45 days start to finish and his VA construction loan was closed with zero down. The unit arrived on site just 15 days after closing and he was moved into his brand-new home in record time.

VA one-time close construction is a unicorn loan program. Some lenders advertise these, but few have much experience closing them. If you run into a need for VA OTC, we may be able to help.

Do you have a deal that you think might be approvable but doesn’t fit in the box at your bank or credit union? Reply to this email or call/text me at 616.298.2743 for a same-day answer.

One case study per week showing scenarios we’ve been able to help with