If you’re looking for a VA one-time close construction loan then you need a registered VA builder that is approved by us/your lender. Conventional: Up to 97% when combined with Home Possible® or HomeOne®.USDA construction loan: 100% of market value.VA construction loan : 100% not including VA funding fee.LTV – Loan to Value for Construction loans Remember with one-time close construction loans that if you want to close on land and construction at the same time then you need to make sure you have a builder and plans within your land loan closing date. If you don’t own the property (or land) please enter the price you will pay to purchase it. You should also be prepared to provide the lender with documentation of your income, assets, and debt just like on a home loan with us. ![]() If you are considering a land loan, it is important to understand the terms and conditions of the loan before you sign docs. A borrower with a good credit score may be able to qualify for a longer-term loan with a lower interest rate.
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