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Some borrowers already own land and don’t want to purchase more. VA rules state, "Loans may also be guaranteed for the construction of a residence on land already owned by the veteran (a portion of the loan may be used to refinance a purchase money mortgage or sales contract for the purchase of the land, subject to reasonable value requirements)."
Read reviews and use the best VA loan lenders from top companies including USAA, Rocket Mortgage from Quicken Loans, Navy Federal.
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