VA Construction Loans Are Back! – July 1st, 2015

We now offer VA Construction Loans for new modular homes, and one unit stick built single family homes. Our VA Construction Loan is a One Time Close program which provides construction financing, lot purchase and the final VA Mortgage, all wrapped up in one loan. What’s great about our VA Construction Loan is you don’t have to worry about re-qualifying, re-appraisals or incurring additional costs once you’ve been approved!

We will provide the interim financing and administration for a true VA Construction loan on a one-time close staged funded construction-to-permanent loans. Our VA Construction Loans are great for modular housing, and stick built housing, this programs allows us the ability to offer our Veteran clients this unique loan option.

We will underwrite and approve the permanent VA Mortgage portion of the loan before the construction begins. The construction portion of the loan is also underwritten and approved. When all conditions for closing are cleared other than the final construction related conditions, the closing will be coordinated. Once closed, construction can begin on your dream home.

Because the permanent VA Mortgage is closed before construction begins our VA Construction Loan doesn’t require “re-qualifying” the Veteran. This is a true one-time close; therefore, you will not need to return to the settlement agent for a second closing once construction is complete.

Key Benefits Of Our VA Construction Loan:
  • Reduction in total cost due to only one closing
  • Reduces interest rate risk
  • VA 100% LTV financing allowed (not including the VA Funding Fee)
  • Only one closing prior to the start of construction
  • No payments due from you during construction
  • Your first payment begins once construction is complete
  • No credit, document or appraisal expiration once the VA Construction Loan closes
  • No re-qualification of borrower once construction is complete
  • Builder/Retailer is allowed staged funding draws during construction based on line-item percentage completion


Until now if you wanted to use your VA entitlement to buy a brand new home you had to work with a builder that would carry the construction financing part of the process or you had to qualify for a traditional construction loan. Traditional construction loans are hard to find, usually require at least 20% down and 680+ credit scores. This is why our VA Construction Loans are so great, you only need a 620 or better score and you can even use it to buy the lot! 


If you have questions or you want to see how much you qualify for, feel free to call me at (877)228-9069 or fill out the form below.

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