USDA Construction Loan:
VA One-Time Close Construction Loan:
What is the VA One-time Close Construction Loan?
With a VA One-time Close Construction Loan, eligible service members can take advantage of the simplified loan program that allows them to finance the construction, lot purchase, and permanent mortgage, all within a single loan.
This program offers the most appealing aspects of VA financing, such as no money down financing and low interest rates. It eliminates the redundancy of a second closing so borrowers don’t have to worry about requalifying or incurring additional costs.