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[DOC File]CHAPTER 2
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A construction-permanent mortgage combines the features of a construction loan, a short-term interim loan for financing the cost of construction, and the traditional long-term permanent residential mortgage. For mortgage insurance and LTV purposes, we consider it to be a purchase transaction.

[DOC File]HUD | HUD.gov / U.S. Department of Housing and Urban ...
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2.VA Funding Fee: A fee paid to the Department of Veterans. Affairs to influence the agency to guarantee a mortgage for. a prospective mortgagor. 3.Tax Service Fee: A fee paid to a Tax Service agency to. assure payment of taxes to the proper jurisdiction. 4.Buyer's closing costs, even if seller pays the costs: a.If the seller pays for an item ...

[DOC File]Pamphlet 26-7 Chapters 13 - Veterans Affairs
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Note: “Proposed” or “under construction” and “new construction” cases are not eligible for VA’s Energy Efficient Mortgage program. For more on Energy efficient improvements, see Item 1 on the NOV or Section 7.03. Continued on next page. 13-12 July 14, 2003 VA …

[DOC File]Pamphlet 26-7 Chapter 10 - Veterans Affairs
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In cases processed by VA as “proposed or under construction”, I understand that all construction must equal or exceed that shown or described in the construction exhibits used by VA to appraise the property and that, in any conflict between those construction exhibits and the applicable VA minimum property requirements, the latter will ...

Va construction loans requirements