Start Your VA Construction Loan Application
"*" indicates required fields
I am raw html block.
Click edit button to change this html
Do you own the land?
Veterans who already own land can use that equity toward the loan — often making qualification faster and easier.
Builder & Plans
Your answers determine how accurate your estimate will be. We can work with any stage.
Project Details
Enter your project information below.
Your Finances
Used to estimate your qualification and monthly payment. All information stays private.
Security America Mortgage · NMLS #355253 · Jason Noble · VA Loan Specialist
Estimates are for informational purposes only and do not constitute a loan offer or commitment.
Four Numbers That Actually Matter
Most online mortgage calculators ignore construction loans entirely. This one is built specifically for the VA One-Time Close program — the only VA loan that covers land purchase, construction, and your permanent mortgage in a single closing with $0 down.
Total Loan Amount
Land cost or equity, construction budget, contingency reserve, and the VA funding fee — all combined into one clear number.
Construction Phase Payment
Interest-only payments during the build period. As draws are made, you see exactly what to expect each month.
Permanent Monthly Payment
Your full principal and interest payment once you move in — plus Texas property tax and insurance estimates.
Qualification Likelihood
Your debt-to-income ratio calculated against VA guidelines — green, yellow, or red with a clear explanation of where you stand.
Interest-only payments on the drawn balance. As your builder requests funds, your balance grows. No principal payments during the 10 to 14 month build period.
Certificate of occupancy issued. Loan automatically converts to a 30-year VA mortgage at the rate locked at your original closing. Principal and interest begin on day one.
Do You Own the Land?
This single answer changes everything about your VA construction loan. Veterans who already own their lot have a significant advantage — land equity substitutes for a down payment and typically accelerates the approval process.
- Land equity directly reduces your loan amount
- Faster approval — land appraisal often already complete
- Equity may cover the VA funding fee entirely
- Only the construction cost needs financing
- Can start builder conversations right away
- Land purchase and construction combined into one loan
- One closing — no second trip to the title company
- $0 down still available with full VA entitlement
- Land must meet VA minimum property requirements
- Slightly longer process — land must be vetted and appraised
How the VA One-Time Close Construction Loan Works
Three things make the VA OTC fundamentally different from every other construction loan on the market.
Single Closing
Traditional construction loans require two closings — one for construction and one to convert. The VA OTC closes once, saving you time and thousands in duplicate closing costs.
$0 Down Payment
Eligible veterans can finance 100% of the total project — land, construction, closing costs, and the VA funding fee — with no down payment. Land equity you already own counts as a substitute.
Rate Locked at Closing
Your interest rate is locked at the time of closing — not after construction is complete. This protects you from rate increases during the 10 to 14 month build period.
Automatic Conversion
When construction is complete and the certificate of occupancy is issued, the loan converts automatically to a 30-year VA mortgage. No second application, no second underwrite, no second closing.
From Calculator to Keys
VA Funding Fee — What It Costs and Who Pays Less
The VA funding fee is a one-time charge rolled into your loan balance. It funds the VA loan program and eliminates the need for private mortgage insurance. Veterans with a service-connected disability rating are fully exempt — at any percentage.
| Borrower Type | First Use | Subsequent Use |
|---|---|---|
| Regular Military | 2.3% | 3.6% |
| Reserves / National Guard | 2.3% | 3.6% |
| Service-Connected Disability | EXEMPT — 0% | EXEMPT — 0% |
On a $350,000 loan, the funding fee ranges from $8,050 (2.3%) to $12,600 (3.6%). Veterans with a disability rating save this amount entirely. If you are unsure of your rating, we can help you confirm your eligibility before you apply.
Frequently Asked Questions
Everything veterans ask before starting a VA construction loan in Texas.
Talk to Jason Noble — Texas VA Loan Specialist
Your calculator estimate is a starting point. The next step is a 10-minute call to verify your VA entitlement, confirm your income, and get you a real pre-approval letter. No commitment. No pressure.