How this mortgage path is commonly used
VA construction lending combines VA eligibility with builder approval, plans, budget, appraisal, draw, and construction-management requirements.
Potential features
- Potential no-down-payment structure for eligible scenarios
- Construction-to-permanent options
- No monthly private mortgage insurance
- VA borrower protections
Important considerations
- Availability is more limited than standard VA purchase lending
- Builder and project approval are required
- Funding fee may apply unless exempt
- Timelines and contingency planning are important
Common starting points
Eligible veterans building a primary residenceBorrowers with qualified builders and complete plans
A practical way to evaluate your options
01
Define the goal
Purchase, refinance, build, invest, or use equity.
02
Review the full payment
Include taxes, insurance, mortgage insurance, and association dues.
03
Prepare the profile
Income, assets, credit, property, and occupancy all shape available paths.
04
Complete underwriting
Only a complete application and underwriting can establish approval and terms.
Educational information, not a commitment to lend
Program availability, guidelines, pricing, and documentation requirements can change. Contact duPont Lending for information specific to your scenario.