Corker Custom Homes extends the highest gratitude for your service. As a veteran-owned company, we understand the significance of the decision to establish roots and build a home. Here we’ll provide valuable information for our veterans, service members, and their spouses interested in utilizing VA loans for custom homes in Texas.
It’s important to note that we are not mortgage lenders. We always advise consulting with a qualified mortgage loan officer for specific inquiries regarding VA loan qualification or application.
You can obtain a VA loan for custom homes from a private lender but it is partially guaranteed by the Department of Veterans Affairs. This guarantee offers numerous benefits, such as no down payment, low-interest rates, no private mortgage insurance (PMI), and low closing costs. It is essential to recognize that not all lenders are VA lenders, and although the VA does not require a down payment, some lenders may impose this requirement on certain borrowers.
Eligible Property Types
You can utilize a VA Loan to purchase various types of properties. You can choose a single-family home, a new-construction home, or VA-approved condos. Keep in mind, you can only use a VA loan for your primary residence. It cannot be used solely for investment properties or rental homes.
Building a new construction home using a VA loan can be done in two ways:
“Our experience with Art Corker from the beginning to the end of the project has been nothing but the best! He helped design our home and worked with us closely to ensure we got exactly what we wanted in the final product. Art is professional, trustworthy and a man of integrity.”
– Nancy D.
Before a VA loan for custom homes is approved, the home must meet specific criteria to ensure safety, security, and sanitary conditions for the borrower.
These requirements include:
Texas Limits on VA Loan for Custom Homes
There is no limit on how much you can borrow with a VA home loan in Texas. However, the VA will only guarantee, 25% of your loan.
The amount your lender will approve will depend on your financial history, down payment, and credit score.
To build a custom home with a VA loan, follow these steps:
For VA construction loans, check for additional requirements like working with a VA-registered builder, obtaining VA-approved home plans, using a VA-registered appraiser, ensuring the build site is VA-approved, undergoing three inspections, and having a one-year home warranty.
We proudly support our veterans and work with homeowners and lenders using VA Home Loans, so you can finally settle down, plant some roots, and enjoy quiet country living.
It is always advisable to consult with a professional. Seek qualified mortgage loan officers or legal professionals who specialize in VA loans and are familiar with the latest regulations and laws specific to Texas. They will be able to provide you with the most accurate and up-to-date information regarding VA loans and home-building laws in Texas.
The Veterans Service Office provides eligible Veterans, dependents and survivors direct and general support and assistance in obtaining all benefits they have earned from the U.S. Department of Veterans Affairs.
Their mission: To advocate for and provide superior service that will significantly improve the quality of life for all Texas veterans, their families, and survivors.
Provides a list of all registered veteran-owned businesses in the state of Texas. You can search for local veteran realtors, this can definitely help when working with the VA for your home loan.
Ready to plant some roots or build your forever home? At Blessings Ranch Estates you can make it your very own. For a taste of country living, plant a garden, or get fresh eggs from your own backyard.
Our 1-acre lots offer enough room for a spacious interior floor plan, and large outdoor areas sizeable enough for a pool, backyard putting green, or outdoor kitchen.
After Blessings Ranch Estates has been fully developed, the HOA is handed over from the builders to the homeowners, so your voice is heard for future plans and protocols.
