Let’s break down how it works, why it’s different from traditional construction loans, and how Texas Veterans can benefit from this powerful loan option.
What Is a VA Construction Loan?
A VA Construction Loan allows eligible veterans to:
- Purchase land
- Build a home
- Combine both into one single loan
Unlike conventional construction loans that require a large down payment, VA construction loans offer 100% financing for qualified borrowers—no down payment, no private mortgage insurance (PMI), and competitive interest rates.
Key Benefits of a VA One-Time Close Construction Loan
- One-Time Close: One application, one approval, one closing—saves you time and money.
- $0 Down Payment: Finance the full project (land + build) with no money out of pocket.
- Interest Reserve Built-In: Monthly payments during construction are often included in the loan, so you don’t pay until the home is built.
- Custom-Built to Fit Your Needs: Whether it’s a one-story ranch or a two-story home with a wraparound porch, you’re in control of the design.
Why Texas Veterans Have an Advantage
In addition to your VA benefits, Texas offers the Texas Vet Loan Program through the Veterans Land Board (VLB), which may lower your interest rate even further. As a Texas-based VA lender, I help veterans combine VA + VLB programs to maximize savings and streamline the process.
Who Qualifies?
You may qualify if:
- You’re a veteran, active-duty member, or eligible surviving spouse
- You have a Certificate of Eligibility (COE)
- You meet minimum credit and income guidelines
- You’re working with a VA-approved builder
What to Expect in the Process
- Prequalification – We check your eligibility and credit.
- Choose Your Builder – Must be VA-approved.
- Appraisal and Plan Review – Based on completed home value.
- One-Time Closing – No need to requalify once the home is built.
- Move In! – Once the home is complete, you’re ready to enjoy it.
Final Thoughts
Building a home doesn’t have to be complicated. With the right lender—one who understands VA loans inside and out—you can build with confidence and no surprises.
As a VA loan expert based in Texas, I’m here to guide you every step of the way. Let’s turn your dream home into a reality—with zero down.
Contact Shirley Mueller Today
CrossCountry Mortgage
Phone: (888) 795-9850
Email: shirley@valoanstexas.com
Website: VALoansTexas.com
