As the real estate market continues to evolve, investors are constantly seeking innovative ways to…
As a member of the Travis Air Force Base community, you understand the importance of having a place to call home. Whether you’re looking to purchase your first home or build a new one, Citizens Financial is here to help. We are excited to offer our amazing One-Time Close New Construction VA loan to eligible borrowers from the Travis Air Force Base in Fairfield, CA.
A One-Time Close New Construction loan is a single closing construction loan that allows you to finance the construction of your new home with short-term financing that is modified into permanent financing upon completion of the project. This means that you only have to go through the loan process once, saving you time, money, and hassle. With our One-Time Close New Construction VA loan, you can close your loan as a purchase or a refinance.
One of the best parts of our One-Time Close New Construction VA loan is that it comes with one interest rate. This means that you don’t have to worry about fluctuations in the market or rising interest rates. If the market improves, you have the option to modify your interest rate down. With this loan, you only have to make one down payment and order one full credit report. You also only need one approval, making the process much simpler and less stressful.
Our One-Time Close New Construction VA loan is available as a 30-year Fixed or 30-year Jumbo loan, for a primary residence only. The maximum loan amount is $4 million, and the total loan amount cannot exceed the total acquisition cost, including financed funding fee. The minimum FICO score required is 620, and the maximum LTV/CLTV/HCLTV is 100%. The funding fee is based on the total acquisition costs, and borrowers cannot combine VA entitlement. Additionally, our loan is not available for rehab constructions, meaning that an existing property cannot be renovated using a One-Time Close New Construction loan.
At Citizens Financial, we are dedicated to helping our military community achieve their dream of homeownership. We understand the unique challenges and opportunities that come with being a member of the military community, and we are committed to providing you with personalized and attentive service throughout the entire loan process. We are proud to offer our One-Time Close New Construction VA loan to eligible borrowers from the Travis Air Force Base in Fairfield, CA, and we look forward to helping you achieve your dream of homeownership. Contact us today to learn more!
NMLS #1401042 | 707.800.6047 | email@example.com
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