It could also be troublesome to finance in depth renovations with a VA renovation mortgage, as all work should be accomplished on the property inside 120 days of closing on the mortgage. You’re obligated to use a contractor-approved VA, which limits your choices.
Here are other choices to buy a fixer-upper or finance repairs of your present home. A VA rehab and renovation loan permits you to procure or refinance a home and roll the cost of enhancements… This sort of loan could be troublesome to locate; even lenders that specialize in VA loans could not offer VA renovation loans.