What Can You Do With A VA Loan?
What Can You Do With A VA Loan? Just what can you use your VA home loan funding for? The answer is a lot...more than just purchase a home if you are a first time buyer.
Here are your options regarding how you can use your VA funds :
- Of course, to purchase a home condo or townhouse
- Make improvements and buy your home at the same time
- Start new construction - build your home
- Funds are encouraged to be used to improve a homes energy efficiency. Such improvements reduce costs and help the borrower in the long run save money. Improved heating and cooling, solar power conversion, watherstripping, caulking, adding new windows or doors. VA allows an increase of $3000 for any documented energy efficient upgrades.
- Refinance your existing VA Loan
- You may purchase land / lot or a manufactured home
Refinance VA loan info:
