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Does USAA do construction loans or how does it work ?

Does USAA do construction loans or how does it work ?

SG 25's avatar User  SG 25  (Opens a pop up layer) Occasional Visitor

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 avatar User  kayelless  (Opens a pop up layer) New 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 avatar User  BrianaHartzellUSAA Community 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 avatar User  landra  (Opens a pop up layer) Visitor

USAA does not handle construction to perm loans.
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