Splitting the land is not too difficult. Double check with your County Assessor to determine exactly how you go about having the lot split. As for the construction; VA does NOT do construction loans. You will need to find a lender that is willing to provide the construction financing using your VA eligibility for the permanent financing. ~ Bert Carpenter, The LoansA2z Team of NEXA Mortgage ~ NMLS 40586 ~ At NEXA, we've got you covered. We are licensed in all states except MA and NY and we are pending approval in VA, so give us a call. ~ www.ApplyYes.com 480-889-9000.
Contact the county for instructions. But pretty much just need to get the land surveyed, work out the split, and record it with the county. After that you'll need to talk to a community bank for a construction loan. Once the house is built, you can pay off the shirt term construction loan with a long term VA loan. I do VA loans in MN WI IA SD ND. Learn more at VaMortgageMn.com - NMLS 274132
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