VA Construction LoansBuild Your Dream Home with Zero Down Payment
The only construction loan program that allows veterans to build their perfect home with no down payment, single close process, and competitive rates.
Page Contents
Navigate to any section below to learn more about VA construction loans
VA Construction Overview
How VA construction loans work
Eligibility Requirements
Who qualifies for VA construction loans
Construction Calculator
Calculate your loan amount
Construction Process
Step-by-step building process
Key Benefits
Advantages of VA construction loans
Builder Requirements
VA-approved builder criteria
VA vs Traditional
Compare construction loan options
FAQ
Common questions answered
VA Construction Loans
VA construction loans combine VA loan benefits with construction financing, allowing eligible veterans to build their dream home with no down payment. This program covers both the construction costs and permanent mortgage in a single loan.
Key Benefits
- No down payment required
- Single closing process
- VA funding fee can be financed
- Competitive interest rates
- No monthly mortgage insurance
Eligible Projects
- New home construction
- Major renovations
- Energy-efficient improvements
- Site preparations
- Manufactured home installation
VA Construction Loan Calculator
Calculate your construction loan amount, monthly payments, and total project costs
Loan Details
Auto-Calculating
Results update automatically as you change the inputs above.
Loan Calculation Results
Total Loan Amount
Including VA funding fee & closing costs
Monthly Payment
Principal & interest
VA Funding Fee
Can be financed
Down Payment
Zero down required
Loan Breakdown
Important Note
This calculator provides estimates only. Actual loan terms and amounts may vary based on your specific financial situation, credit score, and VA loan eligibility. Contact us for a personalized pre-qualification.
Everything You Need to Know
Comprehensive information about VA construction loans, requirements, and the building process
Requirements
Eligibility & qualifications
Builder Requirements
- VA-approved builder registration
- Valid builder's license
- Minimum 2 years experience
- Strong financial position
- Good reputation and references
Property Requirements
- Meet VA property standards
- Primary residence only
- Detailed construction plans
- Building permits secured
- Approved construction timeline
Required Documentation
- Builder VA registration
- Construction contract
- Building plans/specs
- Cost breakdown
- Construction timeline
- Building permits
- Builder's risk insurance
- VA Certificate of Eligibility
- Standard loan documents
- Property appraisal
Important Considerations
- Construction must be completed within 12 months
- Changes to plans require VA approval
- Regular inspections required during construction
- Contingency reserve may be required
- Builder must provide warranty
Construction Process
Step-by-step timeline
Pre-Approval
Plan Review
Construction Phase
Final Conversion
VA vs Traditional
Key differences
VA Construction Loans
- • Zero down payment
- • Single closing
- • Lower credit requirements
Traditional Loans
- • 20-25% down payment
- • Two closings
- • Stricter requirements