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Talk To The John Thomas Team - call 302-703-0727
VA One-Time Close Construction Loan | Build with No Down Payment in Pennsylvania
If you’re eligible for a VA loan and want to build a home from the ground up, the VA One-Time Close Loan makes it possible — with 0% down, no monthly mortgage insurance, and just one closing.
This special VA program allows you to finance both the construction and the permanent mortgage in a single transaction, without needing to re-qualify or refinance once your home is complete.
Key Benefits of the VA One-Time Close Loan
100% financing — no down payment required
One closing for construction and permanent loan
No monthly mortgage insurance (PMI)
Fixed interest rate — 15- or 30-year options
Builder covers interest during construction — no payments until the home is finished
Available for site-built, modular, or new manufactured homes
VA entitlement required — must be eligible veteran or service member
Who Is Eligible?
You may qualify if you are:
A Veteran or active-duty service member
An eligible surviving spouse
Purchasing a primary residence only
Using a VA-approved builder (no DIY or sweat equity allowed)
Meeting standard VA credit and income guidelines (minimum 620 FICO)
We’ll help verify your VA entitlement and walk you through the builder approval process.
It might be easier to get pre-approved for a mortgage than you ever imagined. We believe in making it as easy as possible for everyone to purchase their own home. Click here now to get started, it only takes a few minutes online.
Property Requirements
Single-family residence only
No condos, multi-units, or second homes
Must meet VA Minimum Property Requirements (MPRs)
New manufactured homes must be multi-wide and permanently affixed
Builder must provide VA builder’s warranty
Property must be located in an eligible area (restrictions may apply)
Property Requirements
Loan closes before construction starts
Builder receives funds as construction progresses
Borrower makes no payments until the home is completed
Loan automatically converts to a fixed-rate VA mortgage
No second closing or requalification required
Related VA Loan Options
[VA Purchase Loan] – Buy a home with 0% down and no monthly mortgage insurance
[VA One-Time Close Loan] – Finance land and construction with a single VA loan
[VA Renovation Loan] – Finance minor repairs and improvements at purchase or refi
[VA IRRRL (Streamline Refinance)] – Lower your interest rate with minimal paperwork
[Main Loan Program Page] – Compare all loan types, including FHA and Conventional
Ready to Build Your Home?
We’ll help you verify eligibility, get your builder approved, and guide you through every step of the construction loan process.
Start your application or request a free consultation below.
- NMLS#
John Thomas
Loan Officer - NMLS# 3094
Get a personalized and successful home loan approval experience
See how much you qualify for in 60 seconds or less.
PRMI NMLS 3094. PRMI is an Equal Housing Lender. Some products and services may not be available in all states. Credit and collateral are subject to approval. Terms and conditions apply. Programs, rates, terms and conditions are subject to change and are subject to borrower(s) qualification. This is not a commitment to lend. The content in this website has not been approved, reviewed, sponsored or endorsed by any department or government agency.
