VA Construction-to-Permanent Loan

A VA Construction-to-Permanent Loan is a unique benefit available to eligible Veterans and active-duty service members who want to build a custom home from the ground up. This loan allows you to finance the purchase of land (if needed), the construction of your home, and the permanent mortgage — all with a single loan and a one-time closing. Once construction is complete, the loan automatically converts into a standard VA mortgage, with no need to refinance or go through a second closing.

This streamlined process not only saves time and money but also allows you to take full advantage of your VA benefits. In most cases, no down payment is required, and there’s no monthly mortgage insurance. You can use land you already own, or include the land purchase in the loan. All builders and construction plans must be approved under VA guidelines, and the loan must meet standard VA eligibility requirements.

With competitive fixed interest rates, no PMI, and the flexibility to customize your home, the VA Construction-to-Permanent Loan is an ideal option for Veterans ready to build their forever home.