VA Construction Loan - 0% Down Barndominium Loan
In today’s episode, we’re busting myths surrounding VA construction loans for barndominiums! We’re excited to have Russ Crews, the top VA barndominium construction lender in the country, join us. Not only is Russ a leading expert in this niche, but he is also an active service member. His unique perspective allows him to truly understand the needs of our brave men and women seeking financing for their dream barndominiums, guiding them through the process with empathy and expertise. In the barndominium community, misconceptions are common, especially in online groups and forums where opinions are often shared without the necessary expertise. Russ will walk us through some of the most prevalent myths, addressing important topics like whether it’s possible to secure a VA construction loan for barndominiums, loan amount limits, minimum credit score requirements, and much more. Join us as we bust these myths surrounding VA construction loans for barndominiums! Contact Russ Crews - https://www.projectbarndo.com/barndoe... Find a Barndominium Builder and Kits - https://www.projectbarndo.com/barndom... Michigan Barndominium Builder List - https://www.mykalamortgage.com/barndo... Barndominium Resources. - https://www.projectbarndo.com/guides Floor Plans - https://www.architecturaldesigns.com/... Contact Us - https://www.mykalamortgage.com/contact Need Design Inspiration? / barndominiumdesign Jon Mykala NMLS# 728191 Russ Crews NMLS#: 2121891 Equal Housing Lender | Member FDIC 0:00 Intro 4:00 Can you get a VA construction loan? 9:16 Loan amount limits 10:34 Multiple VA loans 12:03 Land limits 14:21 Key requirement for land 14:58 Bank overlays vs VA requirements 16:25 Jumbo loan requirements 17:13 0% down up to $1,000,000 18:07 Credit score 21:38 VA approved builders 24:15 Vetting builders 26:54 VA loan myths 29:30 Using land as collateral 30:13 Fees 34:08 Appraisals 37:12 Final thoughts

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