Are you a Texas Veteran or active-duty service member dreaming of building your own home? With a VA One-Time Close Construction Loan, you can finance both the land and the construction of your home—often with $0 down.
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 land and build with no down payment on loans up to $1 million (some upfront costs may still apply).
- No Payments During Construction: An interest reserve covers the interest while your home is built, so your first payment comes after it’s finished.
- 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.
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 builder approved under the lender’s construction program
What to Expect in the Process
- Prequalification – We check your eligibility and credit.
- Choose Your Builder – Must be approved under the lender’s construction program.
- 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.
Want to understand the process? Walk through the VA construction loan journey, step by step.
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.mueller@ccm.com
Website: VALoansTexas.com
Go deeper: Shirley’s Texas VA construction loan guide explains how the build is financed with one closing, what Texas homestead law requires before work starts, and how MUD and PID taxes affect your payment.