VA Construction Loans
Build your dream home using your VA benefit — $0 down, no PMI, and a single close from construction to permanent financing.
Program Overview
VA construction loans allow eligible veterans to finance the construction of a new home using their VA benefit. These one-time-close loans combine the construction financing and permanent mortgage into a single loan, eliminating the need for two separate closings. While VA construction loans are more complex than standard VA purchases, Airus Lending works with specialized construction lenders to make the process as smooth as possible.
Who Is This Loan For?
- ✓ Veterans who want to build a custom home
- ✓ Military families building on land they already own
- ✓ Veterans purchasing a new construction home from a builder
- ✓ Service members relocating to an area with limited existing inventory
Key Benefits
Single Close
One closing for both construction and permanent financing — less paperwork, lower costs.
$0 Down Payment
Build your home with zero money down, just like a VA purchase loan.
No PMI
No mortgage insurance at any point during construction or after completion.
Interest-Only During Construction
Only pay interest on the amount drawn during the construction phase, keeping payments low.
Qualification at a Glance
General Requirements
- Valid Certificate of Eligibility
- Approved builder/contractor with proper licensing and insurance
- Detailed construction plans and specifications
- Lot or land purchase included or already owned
- Standard VA credit and income requirements
Documents Typically Needed
- DD-214 or Statement of Service
- Certificate of Eligibility
- Construction plans and specifications
- Builder contract and credentials
- Cost breakdown and timeline
- Standard income and asset documentation
Frequently Asked Questions
VA loans cannot be used to purchase land alone, but a VA construction loan can include the purchase of land when combined with construction financing in a single transaction.
Broker Disclosure: Scout Financial Group Inc DBA Airus Lending is a licensed mortgage broker (NMLS #2187418) and does not make loans or credit decisions. Airus Lending works with multiple wholesale lenders to help borrowers compare available loan options. Final approval depends on the lender, automated underwriting findings, documentation, state requirements, and overall borrower profile. Not all applicants will qualify.