1-877- 292-7350 jhurst@hurstlending.com

VA Construction Loans

Zero downpayment option available.

Helping Veterans Secure Construction Loans

VA Construction Loan Solutions

Building a new home is an exciting and ambitious project, but financing it can be a challenge, especially when it comes to the down payment. Traditional lenders often require a large chunk of money upfront, making it difficult for many people to get started on their dream project. This is where our VA construction loans come in! With zero down payment required, you can get started right away without breaking the bank.

Not a veteran? No problem! We also offer low 3.5% down payment FHA loans and traditional construction loans, so you can find the right financing option that fits your needs and budget. With flexible loan terms and competitive interest rates, we make it easy to get the funding you need to build your dream home.

No Money Down

Instead of typical downpayments of up to 30%

One Loan

Land, construction and mortgage in a single loan.

Close Once

No risk of becoming unqualified during construction.

Delayed Payments

No payments during construction.

About the VA Loan Program

VA Loan Program History

Following World War II, an increase in the number of veterans in the United States prompted Congress to enact a slew of new benefits for war veterans, the most significant of which was the World War II GI Bill, signed into law on June 22, 1944. The VA Loan Program, an outgrowth of the GI Bill, was established to assist more Veterans in achieving the American dream of homeownership. The United States Department of Veteran Affairs insures VA loans, making it less risky for lenders to make loans to those in the military. As a result, veterans with less credit history or lower credit ratings can obtain affordable rates and terms from lenders participating in the Veteran Affairs (VA) loan program.

What to Expect

VA loans are designed specifically for veterans.

  • Easier Credit Qualification: While minimum credit scores vary depending on the loan, borrowers typically need a credit score of 640 or higher to get the best rates.
  • No PMI Required: Unlike FHA and conventional loans with less than 20% down, VA loans do not require PMI.
  • Expanded Eligibility: Most members of the military, veterans, reservists and National Guard members are eligible to apply.
  • Reduced Timeframe: Active members qualify after six months of service.

5 Stars 300x52 1

I’ve worked with Jay Hurst on several loans.  Jay is extremely knowledgeable and helpful, and was able to advise me on the options for my recent purchase. Great guy to have on your side, and great rates!

Kevin B.

5 Stars 300x52 1

Hurst Lending was very easy to work with and stayed in constant contact with me throughout the loan process so I never had to wonder what the status of the loan was.

Naomi R.


Hurst Lending
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The Hurst Lending Difference

Funding Choices

Low downpayment options available.

Quick Decisions

With a quick closing and no red tape.

Great Rates

We offer some of the best rates available.

Problem Solving

Creative approaches for unique situations

Competitive VA Loan Rates

Our VA Construction Loan rates are competitive.

Frequently Asked Questions

Is it possible to roll the land loan into the construction loan?

If you already have a land loan and want to build on it, you must roll it into the construction loan.

What is the difference between a 1x close construction loan and a 2x close construction loan?

A 1x close construction loan combines construction loan and permanent loan financing into a single closing. When the house is finished, you are not required to refinance the construction loan into a permanent loan. A 2x close construction loan requires two closings: one for the construction loan and one for the permanent loan when the house is finished. Once the house is finished, you must refinance the construction loan into a permanent loan.

Can I use the construction loan to buy land?

Yes, you can combine the land purchase and the construction loan into a single loan with a single closing.

What is the minimum credit score for a construction loan?

A VA construction loan requires a minimum credit score of 640.

Can I pick any builder I want?

Yes, you can select any builder; however, there is an acceptance review process in place. We must approve the builder based on their years of experience, business size, and, in some cases, credit scores.

Can I construct my own home?

We do not currently offer any products that allow for self-built homes. On all of our construction loan products, we do require a separate, unrelated general contractor.

What is the minimum downpayment for a construction loan?

A VA construction loan requires no downpayment. Certain restrictions apply.

What types of homes can be constructed using a VA construction loan?

For single-family homes, we offer VA construction loans. We do not provide construction loans for log cabins, multifamily dwellings (duplex or fourplex), or container homes.

Our Construction Loan Offerings

We streamline the loan process and offer you the lowest downpayment.

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With this program you can obtain a construction loan with just a 3.5% down payment.

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We are one-time closing construction loan experts with just 10% to 15% down. 

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With this program you can obtain a VA construction loan with zero down payment.

About Hurst Lending

We have been helping our customers buy, sell, and refinance their homes since 2006. Our personalized approach to the home buying process includes a suite of services that solve common hurdles in the home buying process.  Have you ever experienced the frustration of trying to buy before you sell; Losing your dream home in a bidding war; Trying to get a No-Seasoning Cash-out loan; Being unable to obtain a mortgage because your new or old house needs modest repairs; or simply because you prefer using our funds to close quickly without having to liquidate other investments?  Our Industry-leading suite of short-term loans solves these issues.  We also offer a suite of real estate investor loan products and a full suite of conventional, VA, FHA, construction and traditional home loans.