Our nation’s veterans and service members earned this benefit through hard work and sacrifice.   While VA construction loans are rare, our team specializes in them and we know the process inside and out.

The following requirements for the VA one time close construction loan are a testament to our commitment to get as many veterans into the home of their dreams as possible.

• 580 credit score
• 0% down payment
• Up to 4 unit property
• Must be the veteran’s primary residence

*VA construction loans over one million dollars have additional credit and down payment requirements.

FHA loans aren’t just for first time home buyers.  They’re also not just for purchases.  The federal housing administration enables borrowers to purchase land and build a custom home through an FHA one time close construction loan with lower down payment credit requirements than conventional loans.

This program is so popular that most of our conventional borrowers choose it despite having a high enough credit score for a traditional construction loan.

• 580 credit score
• 3.5% down payment
• Up to 4 unit property
• Must be primary residence
• Borrow up to FHA county loan limit

Our conventional one time close construction loans follow the guidelines set forth by Fannie Mae and Freddie Mac for those programs.

The higher credit score and down payment requirements allow customers to borrower a higher amount than the FHA option does.

• 700 credit score
• 5% down payment
• Must be single family home
• Must be primary residence

*second home and investment property options are available with additional credit and down payment requirements