VA Construction Loans: Building Your Dream Home, One Brick (and VA Benefit) at a Time

Alright, folks, let’s talk about the unicorn of home financing for Veterans—the VA One Time Close Construction Loan. This little beauty lets you build the home of your dreams and flex those VA benefits in one smooth move. Whether you’re dreaming of a barndominium, a modular masterpiece, or a classic single-family charmer, this loan’s got you covered. Let’s break it down VA Loan Boss style.

What in the World is a VA Construction Loan?

Think of it as the Swiss Army knife of mortgages for Veterans. It combines your construction loan and your permanent mortgage into one tidy package. Translation: one closing, less hassle, and more money saved. You get to buy the land, build the house, and roll it all into one loan. Easy peasy, lemon squeezy.

Why It’s a Big Deal

This loan isn’t just convenient—it’s loaded with perks:

• One Closing: Only one set of paperwork, one day at the title company. Hallelujah.
• Finance Like a Pro: Recoup out-of-pocket costs (like land feasibility studies and even realtor commissions) with the initial loan draw.
• Lock It In: Secure your interest rate for up to 360 days—because construction takes time, y’all.
• Built-in Cushion: A 2% contingency fund is there for when “unexpected” becomes “oh no.”
• Fast Start: Builders get a 10% draw at closing to kickstart the project.

And the cherry on top? The Land Gorilla digital portal makes tracking and managing the whole process as easy as checking your Facebook feed (except way more productive).

How It Works

It’s not just about building—it’s about building smart. Here’s the game plan:

1. Pick Your Builder: Choose from approved builders for a smooth ride.
2. Get an Appraisal: Your plans and specs will be appraised upfront.
3. Set Your Draw Schedule: Builders get funds as progress is made, and they’ll love the quick five-day turnaround on draw requests.
4. Sit Back and Watch: Once the house is built, the loan automatically rolls into a permanent mortgage.

Builders, This Is Your New Best Friend

If you’re a builder, VA Construction Loans make your life easier, too. They offer:

• Secure financing so you don’t lose buyers halfway through the project.
• Flexible draw schedules that keep cash flowing.
• Lightning-fast funding (because time is money).
• A streamlined approval process so you can get started pronto.

The Bottom Line

Building your dream home doesn’t have to be complicated—or stressful. With the VA One Time Close Construction Loan, you’re not just building a house; you’re building equity, security, and your family’s future.

Want to stay ahead of the curve on all things VA loans? Sign up for my VA Mortgage Matters Newsletter VAMORTGAGEMATTERS.COM and get insider tips, market updates, and everything you need to help Veterans make the most of their hard-earned benefits.

It’s time to put those VA perks to work and build something amazing. Who’s ready to make it happen?

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