VA One Time Close Construction Loan

The home must be intended as an eligible primary residence. Your Certificate of Eligibility and entitlement are part of the review, but approval also depends on credit, income, the property's VA standards, the builder, and the lender's VA construction guidelines. A VA funding fee may apply unless you qualify for an exemption.

Not every VA lender offers construction financing. I start by checking whether a participating lender can consider your plans and your proposed builder.

A lot under contract or one you already own may be considered, depending on the lender's structure. The lender needs to understand title, access, utilities, zoning, and whether the planned finished home can be appraised and permitted.

Expect a review of the builder's qualifications, contract, plans, specifications, construction schedule, and applicable insurance or licensing. Ask about requirements before paying for major plans or making nonrefundable commitments.

The lender reviews the complete proposed project before the single closing. During construction, approved funds are released through a draw schedule backed by progress documentation or inspections. Unapproved changes can delay a draw.

We also discuss how the selected program handles the completion inspection and move into the permanent phase. The exact process is lender specific.

A Maine build calls for careful review of rural utilities, site work, and seasonal access. A Florida build calls for early attention to permits, insurance, wind exposure, and flood elevation where applicable. These are project questions, not automatic disqualifiers.

Read the existing state guides below for the broader one time close process, then bring me the lot and builder information so I can check your scenario.