Quote:
Originally Posted by glenn prescott
ok I was caught off guard when I read about the VA loan not available for new homes and kind of had a knee jerk reaction to it, I wholly suspect that its the government side of things that make it unnattractive for builders to deal with them during construction, the dream is still alive and it wont be a deterrent to Me being in the villages in the not too distant future I made up my mind I would be there by my 55th b-day after visiting my parents there 3 years ago I set the dream in motion
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I'm also a veteran and bought a spec home in March 2011. I could not go VA on the original loan, but was able to refi to a VA loan (and get most of my down payment back) this year. It worked out pretty well fo us because our conventional loan was %.5% and the new VA loan is 4.25%. The bottom line is our payment with the lower interest rate and the higher loan amount is only about $50 higher than it was before.