Welcome to Construction Loans Guide
Business Construction Loans In Nc Article
. For a permanent link to this article, or to bookmark it for further reading, click here.
VA Construction Loans: Help for Veterans
from:When you first hear of VA construction loans, you may assume that it means construction loans in Virginia. That actually isn't the case. VA construction loans are quite a bit different. Instead of being about a state, it is meant for veterans of war. VA loans were originally put into favor with the GI Bill or Rights that president Franklin D. Roosevelt started. This bill of rights helps people who served in a war so that they get extra privileges. It is seen as a thank you for all of the great service that they did in the war.
The biggest difference between VA construction loans and regular construction loans is the down payment. Most people have to pay a hefty down payment when they apply for a construction loan. This is usually either three or five percent of the full loan amount. VA loans are different because they allow the veteran to get a loan without having to pay a down payment. This can open up a lot more chances to build your own home. After all, not everyone has the kind of money to be able to afford a down payment. These VA loans help by eliminating this for people who served in the war.
There are some restrictions when it comes to VA construction loans, though. You can't just be in the army and expect to reap the benefits of this loan. For example, you need to have served in active duty. You can't have a dishonorable discharge under your name. You also need to have served for 90 days in wartime or 181 consecutive days in peacetime. There are many other requirements in order for you to be eligible for this benefit. If you are considering VA construction loans, you should contact a lending company that offers it. They will be able to run you through all of the qualifications to determine if you can take advantage of this offer.
These VA loans are very helpful for people who qualify. It helps them buy their own home or build their own home where they may not have been able to otherwise. This is just one of the many ways that the government has stepped up to make life better for people who have served their country in any one of the many wars that have happened in recent years.
If you were in the army, you should definitely look into getting VA construction loans. They are very helpful and will give you a much bigger chance of owning your own home for the first time.
Business Construction Loans In Nc News
CBL & Associates Properties Reports Fourth Quarter and Full Year 2011 Results
CBL & Associates Properties, Inc. :
Read more...No More Fear and Loathing of CRE Lending for Banks
As economic headwinds subside, the commercial real estate lending business for U.S. banks has hit an inflection point. For the first time in five years, a majority of banks are finally talking about their ability to grow their loan portfolios. While the sentiment among banks is neither unanimous, nor the projected lending growth strong, bank executives in analyst earnings calls over the past ...
Read more...02.10.12: NC this week -- Nonprofits & giving
Lorillard Tobacco Co. giving $100,000 to annual fundraising campaign, United Arts Council of Greater Greensboro; goal for campaign, which kicks off Feb. 21 and is chaired by Frank LoNano, president of LaNano Financial Advisers, is expected to exceed $1.1 million raised last year; Lorillard's support of United Arts Council has grown from $50,000 in 2002.
Read more...State of the Union: Fact Checking the President
ABC News’ Huma Khan reports: Fact Check 1 - Obama’s Plan for Foreclosures Fact or Fiction Number 1 – Obama’s Plan for Foreclosures “That’s why I’m sending this Congress a plan that gives every responsible homeowner the chance to save about $3,000 a year on their mortgage,...
Read more...Mitsubishi Corp. - 3rd Quarter Results
FINANCIAL RESULTS FOR THE NINE MONTHS ENDED DECEMBER 2011 Based on US GAAP Mitsubishi Corporation 2-3-1 Marunouchi, Chiyoda-ku, Tokyo, JAPAN 100-8086 Phone: +81-3-3210-2121 http://www.mitsubishicorp.com/ ...
Read more...Driver Group plc - Final Results
18 January 2012 DRIVER GROUP PLC ("Driver" or "the Group") Preliminary Results For the Year to 30 September 2011 Driver provides specialist commercial ∓ dispute resolution Services ...
Read more...Liberty Property Trust Announces Fourth Quarter and Full Year Results
MALVERN, Pa., Feb. 7, 2012 /PRNewswire/ -- Liberty Property Trust (NYSE: LRY - News) reported that funds from operations available to common shareholders (diluted) ("FFO") for the fourth quarter of ...
Read more...Yadkin Valley Financial Corporation Posts Second Consecutive Quarter of Profitability With Fourth Quarter 2011 Results
ELKIN, NC-- - Yadkin Valley Financial Corporation Fourth Quarter Highlights:Net income available to common shareholders for the fourth quarter of 2011 was $2.2 million, or $0.11 per diluted share. Our ...
Read more...