Can You Build a Home with a VA Loan?
Build your dream home with a VA One-Time Close Loan, $0 down! #VAConstructionLoan
Think VA loans are only for buying existing homes? Think again! The VA One-Time Close Construction Loan lets Veterans finance land purchase, construction, and the permanent mortgage in one loan with no down payment. Let’s debunk this myth and show how Veterans can build their dream home.
Why the Myth Exists
VA loans are often associated with purchasing ready-built homes, so many Veterans don’t know construction loans are an option. The One-Time Close program is less common, and some lenders don’t offer it, contributing to this misconception.
The Truth About VA Construction Loans
All-in-One Loan: Covers land, construction, and the final mortgage with a single closing, reducing costs.
Zero Down Payment: Build your home without upfront cash, up to the VA loan limit.
Flexible Design: Work with a VA-approved builder to create a home tailored to your needs.
How to Get a VA Construction Loan
Find a VA-approved lender offering One-Time Close Construction Loans. Select a VA-registered builder experienced in VA projects. Develop a construction plan and budget, and submit it to your lender for approval. Close the loan, begin construction, and transition to the permanent mortgage once the home is complete.
VA construction loans make building a custom home affordable and accessible for Veterans. Don’t let myths keep you from designing your perfect home with the benefits you’ve earned.
Ready to build your dream home with a VA loan? Contact John Burke, VA Mortgage Specialist, at jburke@valoansdoneright.com or call (877) 228-9069 to explore your VA loan options.
