VA Renovation Loans, yes they do exist. If you have called around from lender to lender and have not been able to get a straight answer to your question when you asked if VA renovation loans do exist, I can assure you that they do. I have been originating renovations loans under the FHA 203K Program and FNMA Homestyle Program since the mid 90's. This program that is modeled after the limited version of the K and the Homestyle does exist at loanDepot. I will be writing more in the coming weeks and months about this wonderful program that can help you or your clients if you are a Veteran yourself or work with Veterans as your clients.
I am licensed in Florida and I can help you now. Really, right now, today, we can close these loans. Ask your favorite lender if they can do this? I do not know of any other lenders at this time offering this wonderful product that helps the great men and woman of this country that have served us so bravely.