VA One-Time Close Construction vs. VA Buying a Newly Built Home

Welcome to the Vetted VA podcast, where we delve into the world of VA construction loans. In today's episode, we have a panel discussion featuring three experts in the field: Nathan Knottingham, Shawn Hammond, and Joyie Francisco - you'll learn more about each of them shortly

During this episode, we'll move through the entire journey of obtaining a VA construction loan, from understanding the initial steps to closing on your dream home. Our knowledgeable panel will walk you through the key aspects, potential challenges, and important considerations to keep in mind.

Topics covered include the importance of appraisals and how they influence the loan process, the significance of conducting a final inspection and the role of third-party inspections, the impact of change orders and upgrade costs, and the various financing options for purchasing land or doing an all-in-one package. We'll also explore how previous VA loan usage affects your eligibility for another construction loan.

Whether you're a veteran interested in building a custom home or simply curious about the intricacies of VA construction loans, this episode is for you. Our panel's expertise and insights will empower you with the knowledge needed to make informed decisions throughout the loan process. And if you would rather watch the episode you can tune into our Youtube channel the link is in the show notes!

So, let's jump in to demystify VA construction loans, share valuable tips, and equip you with the information necessary to embark on your home construction journey.

Enjoy!

In This Episode

00:34 - Welcome to the podcast

01:05 - Topics covered

02:10 - Finding out more about Joyie Francisco

02:48 - Finding out more about Shawn Hammond

9:23 - The difference between a OTC and new build

13:11 - The financing difference between OTC and new builds.

1:21:40 - Using your VA more than once

Favorite Quotes

04:47 - "(OTC) is a really great product that allows Veterans to leverage their entitlement and potentially build their forever home." - Shawn Hammond

20:04 - "The VA OTC gives you the most protection as the consumer hands down." -Joyie Francisco

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Nathan Knottingham on LinkedIn

Christopher Griffith on LinkedIn

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Christopher Griffith on Facebook

Vetted VA on Facebook

Vetted VA Website

The episode on YouTube