Benefits of VA Construction Loans:

• No Down Payment – VA construction loans offer the advantage of zero down payment, making it easier for eligible veterans and service members to finance their dream home.
• Competitive Interest Rates – VA loans typically come with competitive interest rates, helping you save money over the life of your loan.
• Flexible Credit Requirements – VA loans are known for their flexible credit guidelines, making it more accessible for borrowers with a range of credit scores to qualify.
• One-Time Close – With a VA construction loan, you’ll only need to go through one loan closing, saving you time and simplifying the process.

How VA Construction Loans Work:

• Eligibility – As a veteran or active-duty service member, you may qualify for a VA construction loan. Our team can help you determine your eligibility and guide you through the application process.
• Construction Phase – Once approved, the loan disburses funds at various stages of the construction process, ensuring your project progresses smoothly.
• Permanent Financing – After construction is complete, your VA construction loan seamlessly converts into a permanent mortgage, enabling you to move into your new home without additional hassle.

**MyTown Mortgage is not affiliated with or acting on behalf of or at the direction of FHA, VA, USDA or the Federal Government.