Tag: paying off a construction loan

Will VA allow the LTV to exceed 90% when paying off a construction loan?

Question: Our client has a temporary construction loan.  Will VA and Ginnie Mae allow the LTV to exceed 90% when the loan being paid off is a construction loan?  Further, will they allow the payoff of a purely temporary construction loan to be considered a purchase transaction? Answer: Yes, both VA and Ginnie Mae state […]

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