VA - One Time Close Construction Guideines

For Stick Built, Manufactured and Modular properties:
Finance the construction, lot purchase, and permanent mortgage all with a single One-Time Close loan. No Re-Qualification. No Second Appraisal.

  • 100% Loan to Value - No Money Down
  • 620+ Credit Score needed for this Program   (We have credit clean up programs if needed)
  • $150,000 min. Loan Amount to VA Loan Limits  (above the VA loan limit allows 25% down of the difference) 
  • 10, 15 and 30 year Terms
  • Owner Occupied Only (No Investment or 2nd. Homes)
  • Residential Properties Only:  1 Unit  (Condos, Manufactured & Modular allowed)
  • No Payments during construction
  • No Re-Qualification once the construction is complete
  • Single Closing reduces closing costs
  • Closing Process generally takes around 60-90 days to begin construction