{"id":603,"date":"2015-06-12T15:12:04","date_gmt":"2015-06-12T15:12:04","guid":{"rendered":"http:\/\/teammovemortgage.com\/2014\/03\/14\/construction-to-permanent-loans-with-little-to-no-money-down-in-nc-sc-va\/"},"modified":"2020-07-13T22:34:48","modified_gmt":"2020-07-13T22:34:48","slug":"va-construction-loans","status":"publish","type":"post","link":"https:\/\/teammovemortgage.com\/blog\/va-construction-loans\/","title":{"rendered":"VA Construction Loans Allow Veterans to Build a Dream Home"},"content":{"rendered":"

Veterans and service members<\/a> have access to unbeatable financing called a VA loan.\u00a0 Where VA eligible buyers run into problem sometimes is building a new home.\u00a0 Finding VA construction loans is very difficult today and most lenders require 20% down payment or more.\u00a0 So what if you could have a construction loan and combine it with the benefits of a VA loan?<\/p>\n

Well, we offer\u00a0VA eligible <\/a>borrowers this combination called a VA construction loan!\u00a0\u00a0Imagine the ability to build\u00a0a custom home\u00a0with the affordability of a\u00a0VA\u00a0home loan.\u00a0\u00a0\u00a0Not only borrowers need construction financing, but builders do as well.\u00a0 Having the ability offer custom built new homes to more veterans would help builders too.<\/p>\n

How to Build a Home with VA Construction Loans<\/h2>\n

We wish we could offer this to all veterans but it is only available at this time in NC<\/a> and SC.\u00a0 But for building a home in NC or SC, can make a Veteran family’s dream come true.\u00a0 First of all, VA eligibility is paramount.\u00a0 Next is the loan application, credit pull, prequalification, and discussion with your expert loan officer.\u00a0 Even though we offer VA loans for manufactured homes<\/a>, construction loans are only available for single family detached homes or off frame modular homes.\u00a0 Learn more about modular homes <\/a>in another of our articles.\u00a0 If the land is owned already, the process is easier.\u00a0 But buying the land<\/a> through the construction loan is possible as well.\u00a0 Just make sure not to go under contract on the land<\/a> without completing enough of the steps below first.\u00a0 The rest of the VA construction loans process looks like this.\"VA<\/p>\n

    \n
  1. Builder approval or choose from approved builders<\/li>\n
  2. Complete builder contract price<\/li>\n
  3. Structure the loan amounts for construction plus permanent VA loan<\/li>\n
  4. Loan terms disclosed and discussed<\/li>\n
  5. Appraisal based on “as completed” value<\/li>\n
  6. Submit for VA loan underwriting<\/li>\n
  7. Clear all conditions per approval<\/li>\n
  8. Submit for construction loan approval<\/li>\n
  9. Construction loan closing<\/li>\n
  10. Construction process<\/li>\n<\/ol>\n

    Once the house is nearing completion:<\/strong><\/p>\n

      \n
    1. Update income, asset, & credit documentation<\/li>\n
    2. Lock VA interest rate for permanent loan<\/li>\n
    3. Close VA permanent loan which pays off the construction loan<\/li>\n
    4. Move into your brand new, never lived in home!<\/li>\n<\/ol>\n

      VA Loan Benefits<\/h2>\n

      There are so many great qualities of VA home loans.\u00a0 Probably the biggest benefit is the ability to purchase with no down payment.\u00a0 The amount of down payment depends on a Veteran’s entitlement <\/a>available.\u00a0 Full entitlement available allows for no money down, but even a second VA loan<\/a> is possible with nothing down.\u00a0 Then VA loans also have no monthly mortgage insurance which makes the monthly payment<\/a> lower than traditional loans.\u00a0 Additionally, Veterans 10% or more disabled have an additional VA loan benefit.\u00a0 This includes waiving the VA funding fee which saves 2.15 – 3.3% of the loan amount in costs.\u00a0 That is a huge savings!\u00a0 We also offer VA lending down to a 600 credit score on a home purchase<\/a>, but construction loans require a 660 score.\u00a0 So whether looking for existing homes <\/a>or building a new home.<\/p>\n

      \n

      \n","protected":false},"excerpt":{"rendered":"

      Veterans and service members have access to unbeatable financing called a VA loan.\u00a0 Where VA eligible buyers run into problem sometimes is building a new home.\u00a0 Finding VA construction loans is very difficult today and most lenders require 20% down payment or more.\u00a0 So what if you could have a construction loan and combine it […]<\/p>\n","protected":false},"author":2,"featured_media":732,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[142,33,17,48],"tags":[141,364,30,9,365,10,366,11,13,146,147,367,210,368,47,49],"class_list":["post-603","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-constuction-to-perm","category-frequently-asked-questions","category-products","category-va-loans","tag-construction-perm","tag-fayetteville-nc-construction-loans","tag-fha-loans","tag-first-time-buyers","tag-home-construction-loans","tag-homebuyers","tag-jacksonville-nc-construction-loans","tag-low-down-payment","tag-mortgage-faqs","tag-new-construction","tag-new-home-construction","tag-to-build-a-home","tag-va-construction-perm","tag-va-construction-to-perm-loans","tag-va-home-loans","tag-va-requirements"],"acf":[],"yoast_head":"\nVA Construction Loans Allow Veterans to Build a Home<\/title>\n<meta name=\"description\" content=\"VA construction loans offer the ability for veterans and service members to build a custom dream home. Build a home in North or South Carolina\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/teammovemortgage.com\/blog\/va-construction-loans\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"VA Construction Loans Allow Veterans to Build a Home\" \/>\n<meta property=\"og:description\" content=\"VA construction loans offer the ability for veterans and service members to build a custom dream home. Build a home in North or South Carolina\" \/>\n<meta property=\"og:url\" content=\"https:\/\/teammovemortgage.com\/blog\/va-construction-loans\/\" \/>\n<meta property=\"og:site_name\" content=\"Team Move Mortgage Blog\" \/>\n<meta property=\"article:published_time\" content=\"2015-06-12T15:12:04+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-07-13T22:34:48+00:00\" \/>\n<meta name=\"author\" content=\"Russell Smith\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Russell Smith\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/teammovemortgage.com\/blog\/va-construction-loans\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/teammovemortgage.com\/blog\/va-construction-loans\/\"},\"author\":{\"name\":\"Russell Smith\",\"@id\":\"https:\/\/teammovemortgage.com\/blog\/#\/schema\/person\/fbcb9952207d77d752ba9074b82fad37\"},\"headline\":\"VA Construction Loans Allow Veterans to Build a Dream Home\",\"datePublished\":\"2015-06-12T15:12:04+00:00\",\"dateModified\":\"2020-07-13T22:34:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/teammovemortgage.com\/blog\/va-construction-loans\/\"},\"wordCount\":510,\"publisher\":{\"@id\":\"https:\/\/teammovemortgage.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/teammovemortgage.com\/blog\/va-construction-loans\/#primaryimage\"},\"thumbnailUrl\":\"\",\"keywords\":[\"construction perm\",\"fayetteville nc construction loans\",\"fha loans\",\"first time buyers\",\"home construction loans\",\"Homebuyers\",\"jacksonville nc construction loans\",\"low down payment\",\"Mortgage FAQ's\",\"new construction\",\"new home construction\",\"to build a home\",\"VA construction perm\",\"va construction to perm loans\",\"VA home loans\",\"VA requirements\"],\"articleSection\":[\"Constuction to Perm\",\"Frequently Asked Questions\",\"Products\",\"VA Loans\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/teammovemortgage.com\/blog\/va-construction-loans\/\",\"url\":\"https:\/\/teammovemortgage.com\/blog\/va-construction-loans\/\",\"name\":\"VA Construction Loans Allow Veterans to Build a Home\",\"isPartOf\":{\"@id\":\"https:\/\/teammovemortgage.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/teammovemortgage.com\/blog\/va-construction-loans\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/teammovemortgage.com\/blog\/va-construction-loans\/#primaryimage\"},\"thumbnailUrl\":\"\",\"datePublished\":\"2015-06-12T15:12:04+00:00\",\"dateModified\":\"2020-07-13T22:34:48+00:00\",\"description\":\"VA construction loans offer the ability for veterans and service members to build a custom dream home. Build a home in North or South Carolina\",\"breadcrumb\":{\"@id\":\"https:\/\/teammovemortgage.com\/blog\/va-construction-loans\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/teammovemortgage.com\/blog\/va-construction-loans\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/teammovemortgage.com\/blog\/va-construction-loans\/#primaryimage\",\"url\":\"\",\"contentUrl\":\"\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/teammovemortgage.com\/blog\/va-construction-loans\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/teammovemortgage.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"VA Construction Loans Allow Veterans to Build a Dream Home\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/teammovemortgage.com\/blog\/#website\",\"url\":\"https:\/\/teammovemortgage.com\/blog\/\",\"name\":\"Team Move Mortgage Blog\",\"description\":\"Team Move Mortgage Blog and Resources\",\"publisher\":{\"@id\":\"https:\/\/teammovemortgage.com\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/teammovemortgage.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/teammovemortgage.com\/blog\/#organization\",\"name\":\"Team Move Mortgage Blog\",\"url\":\"https:\/\/teammovemortgage.com\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/teammovemortgage.com\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/teammovemortgage.com\/blog\/wp-content\/uploads\/2026\/02\/team_move_logo-1.png\",\"contentUrl\":\"https:\/\/teammovemortgage.com\/blog\/wp-content\/uploads\/2026\/02\/team_move_logo-1.png\",\"width\":317,\"height\":86,\"caption\":\"Team Move Mortgage Blog\"},\"image\":{\"@id\":\"https:\/\/teammovemortgage.com\/blog\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/teammovemortgage.com\/blog\/#\/schema\/person\/fbcb9952207d77d752ba9074b82fad37\",\"name\":\"Russell Smith\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/teammovemortgage.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/b9cf1b757a19f9e1f5cb92936b94ade3f42fa9c7b0a26278141331f05509b596?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/b9cf1b757a19f9e1f5cb92936b94ade3f42fa9c7b0a26278141331f05509b596?s=96&d=mm&r=g\",\"caption\":\"Russell Smith\"},\"sameAs\":[\"https:\/\/teammovemortgage.com\"],\"url\":\"https:\/\/teammovemortgage.com\/blog\/author\/russellsmith\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"VA Construction Loans Allow Veterans to Build a Home","description":"VA construction loans offer the ability for veterans and service members to build a custom dream home. Build a home in North or South Carolina","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/teammovemortgage.com\/blog\/va-construction-loans\/","og_locale":"en_US","og_type":"article","og_title":"VA Construction Loans Allow Veterans to Build a Home","og_description":"VA construction loans offer the ability for veterans and service members to build a custom dream home. Build a home in North or South Carolina","og_url":"https:\/\/teammovemortgage.com\/blog\/va-construction-loans\/","og_site_name":"Team Move Mortgage Blog","article_published_time":"2015-06-12T15:12:04+00:00","article_modified_time":"2020-07-13T22:34:48+00:00","author":"Russell Smith","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Russell Smith","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/teammovemortgage.com\/blog\/va-construction-loans\/#article","isPartOf":{"@id":"https:\/\/teammovemortgage.com\/blog\/va-construction-loans\/"},"author":{"name":"Russell Smith","@id":"https:\/\/teammovemortgage.com\/blog\/#\/schema\/person\/fbcb9952207d77d752ba9074b82fad37"},"headline":"VA Construction Loans Allow Veterans to Build a Dream Home","datePublished":"2015-06-12T15:12:04+00:00","dateModified":"2020-07-13T22:34:48+00:00","mainEntityOfPage":{"@id":"https:\/\/teammovemortgage.com\/blog\/va-construction-loans\/"},"wordCount":510,"publisher":{"@id":"https:\/\/teammovemortgage.com\/blog\/#organization"},"image":{"@id":"https:\/\/teammovemortgage.com\/blog\/va-construction-loans\/#primaryimage"},"thumbnailUrl":"","keywords":["construction perm","fayetteville nc construction loans","fha loans","first time buyers","home construction loans","Homebuyers","jacksonville nc construction loans","low down payment","Mortgage FAQ's","new construction","new home construction","to build a home","VA construction perm","va construction to perm loans","VA home loans","VA requirements"],"articleSection":["Constuction to Perm","Frequently Asked Questions","Products","VA Loans"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/teammovemortgage.com\/blog\/va-construction-loans\/","url":"https:\/\/teammovemortgage.com\/blog\/va-construction-loans\/","name":"VA Construction Loans Allow Veterans to Build a Home","isPartOf":{"@id":"https:\/\/teammovemortgage.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/teammovemortgage.com\/blog\/va-construction-loans\/#primaryimage"},"image":{"@id":"https:\/\/teammovemortgage.com\/blog\/va-construction-loans\/#primaryimage"},"thumbnailUrl":"","datePublished":"2015-06-12T15:12:04+00:00","dateModified":"2020-07-13T22:34:48+00:00","description":"VA construction loans offer the ability for veterans and service members to build a custom dream home. Build a home in North or South Carolina","breadcrumb":{"@id":"https:\/\/teammovemortgage.com\/blog\/va-construction-loans\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/teammovemortgage.com\/blog\/va-construction-loans\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/teammovemortgage.com\/blog\/va-construction-loans\/#primaryimage","url":"","contentUrl":""},{"@type":"BreadcrumbList","@id":"https:\/\/teammovemortgage.com\/blog\/va-construction-loans\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/teammovemortgage.com\/blog\/"},{"@type":"ListItem","position":2,"name":"VA Construction Loans Allow Veterans to Build a Dream Home"}]},{"@type":"WebSite","@id":"https:\/\/teammovemortgage.com\/blog\/#website","url":"https:\/\/teammovemortgage.com\/blog\/","name":"Team Move Mortgage Blog","description":"Team Move Mortgage Blog and Resources","publisher":{"@id":"https:\/\/teammovemortgage.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/teammovemortgage.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/teammovemortgage.com\/blog\/#organization","name":"Team Move Mortgage Blog","url":"https:\/\/teammovemortgage.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/teammovemortgage.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/teammovemortgage.com\/blog\/wp-content\/uploads\/2026\/02\/team_move_logo-1.png","contentUrl":"https:\/\/teammovemortgage.com\/blog\/wp-content\/uploads\/2026\/02\/team_move_logo-1.png","width":317,"height":86,"caption":"Team Move Mortgage Blog"},"image":{"@id":"https:\/\/teammovemortgage.com\/blog\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/teammovemortgage.com\/blog\/#\/schema\/person\/fbcb9952207d77d752ba9074b82fad37","name":"Russell Smith","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/teammovemortgage.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/b9cf1b757a19f9e1f5cb92936b94ade3f42fa9c7b0a26278141331f05509b596?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/b9cf1b757a19f9e1f5cb92936b94ade3f42fa9c7b0a26278141331f05509b596?s=96&d=mm&r=g","caption":"Russell Smith"},"sameAs":["https:\/\/teammovemortgage.com"],"url":"https:\/\/teammovemortgage.com\/blog\/author\/russellsmith\/"}]}},"_links":{"self":[{"href":"https:\/\/teammovemortgage.com\/blog\/wp-json\/wp\/v2\/posts\/603","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/teammovemortgage.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/teammovemortgage.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/teammovemortgage.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/teammovemortgage.com\/blog\/wp-json\/wp\/v2\/comments?post=603"}],"version-history":[{"count":1,"href":"https:\/\/teammovemortgage.com\/blog\/wp-json\/wp\/v2\/posts\/603\/revisions"}],"predecessor-version":[{"id":9530,"href":"https:\/\/teammovemortgage.com\/blog\/wp-json\/wp\/v2\/posts\/603\/revisions\/9530"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/teammovemortgage.com\/blog\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/teammovemortgage.com\/blog\/wp-json\/wp\/v2\/media?parent=603"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/teammovemortgage.com\/blog\/wp-json\/wp\/v2\/categories?post=603"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/teammovemortgage.com\/blog\/wp-json\/wp\/v2\/tags?post=603"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}