What is a VA One-Time Close Construction Loan?

This unique VA loan program allows qualified veterans and active-duty service members to finance both their home construction and permanent mortgage in a single transaction. No second closing. No monthly payments during construction. And best of all — $0 down payment.

VA OTC Loan Highlights

• 100% Financing: Includes land, construction, and permanent mortgage
• One-Time Close: One set of closing costs and documents
• No Payments During Construction: Begin payments only after the home is complete
• Backed by the VA: Offered by VA-participating lenders such as AFR, UWM, and Click N’ Close

How It Works

1. Get Prequalified: Confirm VA eligibility and basic credit/income
2. Choose Land & Builder: Use your own land or finance it in, and select a VA-approved builder
3. Submit Construction Plans: Lender reviews costs and home plans
4. One-Time Closing: Close the full loan upfront — before breaking ground
5. Construction & Draws: Builder is paid in phases as the work progresses
6. Loan Converts: After final inspection, the loan becomes a standard VA mortgage

We Serve SC & NC VA Homebuyers

We’re based in the Carolinas and licensed in both South Carolina and North Carolina. Our team offers local insight for your custom VA build in areas like:

• Charleston, Summerville, Columbia, SC
• Asheboro, Raleigh, Asheville, NC

Builder & Property Requirements

Your builder must be registered with the VA and meet the lender’s requirements. Homes must be single-unit primary residences. Barndos, modulars, and traditional stick-built homes are all allowed if they meet VA specs.

Common VA OTC Misconceptions

• “You have to make payments while building.” — False. No payments until the loan converts.
• “It’s not available in my area.” — VA OTC loans are national through approved lenders.
• “I can’t finance the land.” — You can finance the lot and the build together.