I built a new home using conventional construction financing, which I need to convert to a VA mortgage. My old house (on VA Loan) has sold and we'll close in a few weeks, renewing my eligibility. Would this be treated as a refi or purchase?
I'm trying to stick with my local construction lender… it has been a good relationship and they helped me out when cost escalation hit my build. They don't do a ton of VA loans, so I may need to guide the process.
Posted by Four-Oh