Does USAA do construction loans or how does it work ?

Does USAA do construction loans or how does it work ?

SG 25's avatarSG 25New Member

My wife in I are wanting to build a home in out land and will like t see how Is the process work if I go thru USAA or if they even do this type of loan ? Some one told me no they don't that I have to go thru a builder then refinance, but does this mean I have to put a down payment and closing cost for the builder then again with USAA? Please help need answers . Thank you

Re: Does USAA do construction loans or how does it work ?

kayelless's avatarkayellessNew Member

I'm wondering the same thing.  Does anyone have answers about construction loans?

Re: Does USAA do construction loans or how does it work ?

BrianaHartzellUSAA's avatarBrianaHartzellUSAACommunity Manager

Hi!

There is a discussion thread about this topic located here:

https://communities.usaa.com/t5/Buying-a-Home/VA-Construction-Loan/m-p/2687#U2687

 

However, I encourage anyone with specific questions and concerns about construction loans to call and talk to an expert! 1-877-314-2255 They will be able to answer any questions and provide you with the most up to date and relevant information for your situation!

 

Thank you!

Re: Does USAA do construction loans or how does it work ?

landra's avatarlandraVisitor

USAA does not handle construction to perm loans.