Ask Terry Questions VA loan for new construction

VA loan for new construction

By Terry Savage on April 06, 2022 | Housing / Real Estate

Hey Terry, I just spoke with you on WGN radio about a new build and trying to lock in a VA loan with these rising mortgage interest rates did you have a someone I can speak with about a VA loan?

Terry Says

Daniel Chookaszian is one of the top mortgage bankers at Chase and he specializes in VA loans. He has been my column expert for many years. You can reach him directly at 847-648-7107 or Daniel.J.Chookaszian@chase.com.

He says it is reasonably easy to lock in a loan on conventional loans for a future delivery date but it comes at a cost of slightly higher rate. But the VA loans do not lock for longer than 90 days, potentially with short extensions. Talk to him.

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