VA Lender Launches Home Construction Loan For Military Borrowers

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“As a VA-approved lender and part of the oldest nonprofit that has served the military community since 1879, we offer affordable mortgages to our members to build, buy, or home refinance,” said Anthony Powell, executive vice president of AMS. “Our new Construction Advantage One loan enables military home buyers to take advantage of today’s low rates while building their dream home. We look forward to working with our partners to advance community support for the military homebuyer segment. “

AMS works with builders across the country including BuildZoom, a San Francisco-based construction company with over 175,000 contractors.

“We are honored to support AMS ‘initiative to serve our military heroes by providing financing options for the construction of new homes,” said Hal Bennett, senior vice president, BuildZoom. “In addition, our BuildZoom contractors can offer military homebuyers up to $ 5,000 in upgrades. Together, this can be a powerful catalyst to drive adoption. “

“We welcome both AAFMAA Mortgage Services and BuildZoom for working together to bring our military heroes more affordable housing,” said Sondra Barrett, president of the National Association of Independent Builders and Real-Estate Services (NAIBRS). “Given the low housing stock in most markets, we are seeing a massive trend among home buyers looking for a new home – and with one in five homebuyers being military, this is a timely move.”

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