Quote:
Originally Posted by Fourpar
When buying new construction in Villages, you will use the Villages contract form to purchase. That contract has no mention/contingency concerning a mortgage. As far as the Villages is concerned, you are committed to pay the contracted price on closing day, regardless of where your funds come from.
Since VA does not allow the Veteran to pay certain closing costs (and requires the property meet certain construction/inspection standards), it stands to reason that you cannot use VA loan to buy New Construction.
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VA requires compliance inspections in most cases on proposed new construction to see that the house:
•Meets accepted standards of good construction.
•Conforms to the plans and specifications on which VA's appraisal is based.
VA will try to assist you in getting your builder to correct any defects about which you may have valid complaint
The State of Florida has weathered many storms and increased insurance rates. Im sure the old nail and hammer routine has been updated with reinforced windows and bracket construction.