How to Use a VA Renovation Loan for a Fixer-Upper

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Thinking about turning a fixer-upper into your dream home using a VA renovation loan? The key is working with a lender experienced in this specific loan type, since it combines the purchase price and renovation costs into one mortgage. You'll need a detailed contractor bid outlining the work, and the lender will manage the disbursement of funds as repairs are completed. It's a smart path for veterans who want to buy a home with potential, but you'll need patience for inspections and appraisals…