Construction Loans in Asheboro, NC (2025 Guide): VA, FHA, USDA & One-Time Close

Thinking of building a home in Asheboro, North Carolina? Whether you’re a veteran, a first-time buyer, or a real estate investor, there are smart ways to finance your dream build. The most efficient path for many is through a One-Time Close Construction Loan, which combines land, construction, and permanent mortgage financing into one easy package. In this guide, The Local Ledger breaks down loan options for 2025—including VA, FHA, USDA, and conventional construction loans—as well as local impact fees, permit requirements, and neighborhoods with lots still available.

---

🏗️ What Is a One-Time Close Construction Loan?

A One-Time Close (OTC) construction loan allows you to finance your lot, the construction process, and the final mortgage all in one loan—with just one closing. That means fewer fees, less paperwork, and faster movement from blueprint to move-in.

• ✔️ One application, one approval, one closing
• ✔️ No need to requalify after construction
• ✔️ Ideal for primary residences and eligible rural properties

This structure is available for VA, FHA, USDA, and conventional loans depending on borrower qualifications and property location.

---

🇺🇸 VA One-Time Close Loans (Best for Qualified Veterans)

The VA One-Time Close Loan is the top option for qualified veterans and active-duty military. Offered with zero down payment and no payments during construction, this is the most affordable and flexible program for those who meet VA eligibility guidelines.

• ✅ 100% financing — no down payment required
• ✅ No monthly mortgage insurance
• ✅ Builder and plan approval required
• ✅ Loan converts to a standard VA mortgage after construction

We proudly serve veterans throughout Randolph County, NC, including Asheboro, Randleman, Archdale, and Liberty.

---

🏡 FHA One-Time Close Construction Loans

FHA construction loans are a great fit for borrowers with lower credit scores or limited savings. The FHA OTC program also combines the land, construction, and mortgage into one convenient process, with a 3.5% down payment.

• Minimum 620+ credit score preferred
• 3.5% down payment required
• Includes up-front mortgage insurance (UFMIP)

Our FHA construction loan page is coming soon, but The Local Ledger can already help you start the process in Asheboro and surrounding areas.

---

🌾 USDA One-Time Close Loans

Building in a rural eligible area? USDA OTC loans offer 100% financing with no down payment—ideal for buyers outside city limits in Randolph County.

• ✅ Zero down payment
• ✅ Lower monthly payments with USDA guarantee
• ✅ Location and income restrictions apply

A USDA construction loan page is also in development. Until then, contact us for guidance on eligible areas around Asheboro that qualify.

---

📍 Best Neighborhoods in Asheboro for New Construction

If you’re ready to build, these neighborhoods currently offer buildable lots:

• Daves Mountain – Scenic and wooded, ideal for luxury or custom homes
• Ridgecrest Estates – Affordable lots and popular for VA/FHA builds
• Greystone – Great zoning flexibility and rural atmosphere
• Lexington Rd Corridor – Convenient to commercial growth areas

For real-time lot availability and builder approval guidance, visit The Local Ledger.

---

💰 Impact Fees and Permitting in Randolph County

Building in Asheboro or nearby areas? Here’s what to expect for permitting and fees:

• Septic permits: Required outside city sewer zones
• Tap fees: Apply for city water/sewer connections
• Building permits: Based on square footage and project type

Learn more and download forms from the Randolph County Inspections Department.

---

💬 Frequently Asked Questions

---

Need help choosing the right construction loan for your goals? The Local Ledger offers expert lending support across Asheboro and all of Randolph County. We specialize in VA, FHA, USDA, and OTC financing and work closely with local builders and buyers.