Welcome to Construction Loans Guide
Construction Loans In Kentucky 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.
Construction Loans In Kentucky News
Community Trust Bancorp, Inc. Reports Increased Earnings for the Year 2011 - MarketWatch (press release)
Community Trust Bancorp, Inc. Reports Increased Earnings for the Year 2011 MarketWatch (press release) At December 31, 2011, CTBI had $18.9 million in commercial loans secured by real estate, $5.5 million in commercial real estate construction loans, $2.4 million in commercial other loans, and $0.3 million in consumer loans that were modified in ... |
S.Y. Bancorp Reports Record Earnings for 2011 as Fourth Quarter Net Income ... - MarketWatch (press release)
S.Y. Bancorp Reports Record Earnings for 2011 as Fourth Quarter Net Income ... MarketWatch (press release) Despite the challenges and uncertainties that have characterized our economy for several years, we reported continued growth in total assets, loans and deposits, reflecting a successful strategy to capitalize on our strong community bank presence in ... |
Low rates, OEM push for facelifts have dealers seeking loans - Crain's Detroit Business
Low rates, OEM push for facelifts have dealers seeking loans Crain's Detroit Business Fifth Third Bank is so confident of the impending boost to business that it's looking to hire four new loan sales representatives to work with dealers in Florida, Kentucky, western Pennsylvania and central Indiana. |
Farm Credit Services of Mid-America Helps 4-H Camp Ohio Build New Adventure Tower - PR Web (press release)
Farm Credit Services of Mid-America Helps 4-H Camp Ohio Build New Adventure Tower PR Web (press release) Construction on the new tower is scheduled to begin this spring and be completed in time for this summer and the 8000 campers who visit the camp annually. 4-H Camp Ohio's executive director Anthony Imbody is a big believer in the ability of his camp to ... |
The Great Outdoors - Southsider Magazine
The Great Outdoors Southsider Magazine The Kentucky Tourism Development Finance Authority does its part to bolster the efforts of ambitious tourism ventures by approving small business loans that provide upstarts with efficient means to carry out their visions. |
Fifth Third Bancorp Announces 2011 Net Income of $1.3 Billion - MarketWatch (press release)
Fifth Third Bancorp Announces 2011 Net Income of $1.3 Billion MarketWatch (press release) Average C&I loans increased 4 percent sequentially and 13 percent compared with the fourth quarter of 2010. Average commercial mortgage and commercial construction loan balances declined by a combined 3 percent sequentially and 13 percent from the same ... |
Farm Credit breaks ground for new office in Greensburg, Indiana - PR Web (press release)
Farm Credit breaks ground for new office in Greensburg, Indiana PR Web (press release) Farm Credit Services is an agricultural cooperative lender serving more than 92500 members throughout Indiana, Kentucky, Ohio and Tennessee. Headquartered in Louisville, Farm Credit has offered loans for farm and rural financial needs for 95 years, ... |
Meadowlands Racetrack announces $20 million investor - NorthJersey.com (blog)
Meadowlands Racetrack announces $20 million investor NorthJersey.com (blog) by John Brennan Clairvest, a Canadian private equity management firm, announced on Friday its $20 million financial investment toward construction of a new grandstand at the site of the current Meadowlands Racetrack backstretch. |