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| Loan Scenario Ask our members about specific loan scenario placement and questions. |
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#1
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Healthy 72 year-old man wishes to build modest home on a lot he owns. Great credit, fixed income of around 3k/month. Borrowed 78k 20 years ago - was a VA loan for home. Sold that home 15 YRS ago, moved around a lot when national guard service activated during Dessert Storm and has not owned a home in all that time. Any thoughts as to whether or not his age will make him ineligible for construction loan? What about another VA loan?
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#2
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Well I would say it would depend on the amount he is looking to get a loan for. I would say just call a lender for a quick answer.
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