VA Construction to Permanent Loans

During my recent travels throughout the beautiful state of Colorado meeting builders and reps I have came to the surprising conclusion that there is almost nobody providing true No Money Down VA Construction Loans. Even when I google VA Colorado Construction Loan, I find nobody offering it.  Wow...  

I have found myself explaining to builders what this program offers versus going through a mortgage company that only offers an VA end loan not a real VA Construction to Permanent Loan. A VA Construction to Permanent Loan offers a veteran to choose their land they wish to build on and the builder they are using to be paid at the "One Time Closing" before a shovel even hits the dirt. 

So who cares someone might ask? That is easy. A veteran and a builder.

Why? Because when you are able to fund the entire construction upfront with a VA Construction Loan the builder doesn't have to come out of their pocket to fund the entire project. Neither does the Veteran purchasing the house. This allows the builder to keep their assets or credit line free to apply to other investments. 

Imagine if you are small or medium builder trying to grow into a larger company, however you keep running into everyday problem of not having enough capital to acquire to projects because you are having to fund the construction project for your buyer.  Now imagine if you were able to close on 5 new builds and not have to use your own money because the funding was provided at the closing in the beginning before you started construction. That is a game changer...

Hopefully this post reaches a veteran looking to build on their own land, or a builder looking to help a veteran but doesn't know where to refer them to for a VA Construction Loan.