WHAT CAN A VA LOAN BE USED FOR?

You may use VA-guaranteed financing:

To buy a home.
To buy a townhouse or condominium unit in a project that has been approved by VA.
To build a home.
To repair, alter, or improve a home.
To simultaneously purchase and improve a home.
To improve a home through installment of a solar heating and/or cooling system or other energy efficient improvements.
To refinance an existing home loan.
To refinance an existing VA loan to reduce the interest rate and add energy efficiency improvements.
To buy a manufactured (mobile) home and/or lot.
To buy and improve a lot on which to place a manufactured home which you already own and occupy.
To refinance a manufactured home loan in order to acquire a lot.

WHAT A VA LOAN CANNOT BE USED FOR

You may NOT use VA-guaranteed financing:

As a business loan.
To purchase a farm (except for a farm on which there is a farm residence which will be personally occupied by the veteran as a home).
To purchase a cooperatively owned apartment.
To purchase property in a foreign country.

Contact Cornerstone Mortgage Company today to see how we can assist in your VA Loan financing.