Florida VA Construction Financing Mortgage Loans

What is a Florida VA Construction Mortgage Loan and how does it work?

Our VA 0% down payment construction to permanent mortgage loan combines the features of a construction loan and a traditional long-term 15 or 30 years fixed rate residential mortgage loan with a single loan closing prior to the start of construction. This is a big advantage because most construction loans require two closings one for construction and then another one when the home has been completed, saving you time and money. One of the best things is that you don't pay any interest or mortgage payments during the construction of your new home. The mortgage and builder approval process takes about 90 days from start to finish and we allow the builder up to 9 months to complete the construction. 

The Benefits of Florida VA Construction Mortgage Loan

VA Jumbo Loans are a top benefit for veterans and military personnel because it offers lower down payments, more flexible requirements and higher loan amounts than conventional loans. Financing (or refinancing) with VA loans are available for veterans and active members of the U.S. Military and spouses – even widows, as long as they haven’t remarried.

Florida VA Construction Mortgage Loan Program Requirements

  • Primary Residence only.
  • Land equity cannot be used to cover any closing costs or pre-paid items.
  • Single Family Homes only. (no multi-family allowed)
  • Florida only.
  • The borrower cannot perform any of the work.
  • Land can be presently owned, whether free & clear or with a mortgage or can be purchased simultaneously from the builder or even a third party.
  • Minimum Loan amount $175,000.
  • Gift Funds are ok.
  • 2 Year waiting period for prior Foreclosures & Short Sales.
  • 620 minimum credit score.
  • No manual underwriting allowed.
  • The borrower must qualify for 29-year amortization for a 30-year loan.
  • The borrower must qualify for 14-year amortization for a 15-year loan.
  • We also offer VA Jumbo Construction Loans.


The One-Time Closing VA Construction Loans require 2 approvals, one is the buyer's mortgage loan and the second is the builder's approval. 

The company that oversees the entire construction approval and funding process is NCF and here are the fees that they charge.

  • Construction Admin Fee is 2.25% of loan amount.
  • Construction Underwriting Fee is $250.
  • Construction Closing Coordination Fee is $275.
  • Construction Inspection Fee is $750.
  • Interim/Construction Interest.
  • On average these fees add about $5,000 per $100,000 borrowed to the sales price of the contract.

The buyer makes no payments during the construction process and the Builder is required to include the cost listed above into their cost of building the home. These fees can't be charged to the borrower and will be charged to Builder and included in the FINAL sales price of the home or be absorbed by the Builder.

These fees are not much more than a conventional construction loan because most lenders charge 1% to 2% of the loan in origination points and they have very similar constitution fees. Construction Building & Builder Approval Process.

Can you get a VA loan to build a house?

Yes, you can we offer VA jumbo construction mortgage loans.

Can you buy land for a VA home construction mortgage loan?

Yes, you can you can purchase your lot and combine it with your VA home construction loan.

Do I need a VA construction loan Lender?

You don't need a lender in order to get a VA construction loan.

Do you have a VA approved homebuilders list?

We have a lot of builders that are on our VA approved list and if they're not on our approved list we will get them approved!

How do I get a VA one time closing construction loan?

We offer VA one-time closing construction loans!

What are the VA new construction guidelines?

We know VA new construction underwriting guidelines inside and out.

What is the maximum VA loan amount?

The maximum VA Construction loan amount is $750,000 and there is no down payment up to the first $453,100.

What are the VA loan limits by County?

The VA County Loan Limits are $453,100 for all Florida counties except $529,000 for the Florida Keys & Monroe County and $450,800 for Naples & Collier County.

What do you need to get VA construction home loan?

Please see our VA jumbo home loan requirements above.

What is the interest rate for a VA construction home loan?

We offer the best VA home loan mortgage rates available, Click here to request a rate quote.

What are the VA construction loan credit score requirements?

You must have a 640 middle credit score to qualify for VA jumbo loan.

What are today's VA construction loan rates?

We offer the best VA jumbo mortgage loan rates available, Click here to request a rate quote.

What are the VA construction loan limits for 2017 and 2018?

The maximum VA loan amount is $750,000 and there is no down payment up to the first $453,100.

Can I use my VA benefits to get VA construction loan?

Yes, you can please click on the links below for more details.

We can get you a VA Construction Mortgage Loan to build your dream home and also finance the land up to your counties conventional loan limits which are $453,100 for all Florida counties except $529,000 for the Florida Keys & Monroe County and $450,800 for Naples & Collier County.


We offer loans for the entire state of Florida and all of the following cities;
Monroe County Florida Cities; Big Pine Key, Islamorada, Key Colony Beach, Key Largo, Key West, Long Key, Marathon, Marathon Shores, Sugarloaf Shores, Summerland Key, Tavernier.
Collier County Florida Cities; Marco Island, Naples Golden Gate, Lee County Florida Cities: Alva, Boca Grande, Bonita Springs, Buckingham, Captiva, Cape Coral, Fort Myers, Fort Myers Beach, Lehigh Acres, Sanibel. Jacksonville, Tampa, Saint Petersburg, Hialeah, Orlando, Fort Lauderdale, Tallahassee, Hollywood, Pembroke Pines, Miami, Palm Beach, West Palm Beach, Boca Raton, Miramar, Sarasota, Gainesville, Bradenton.

Got A Question?

Thanks and we look forward to working with you on your mortgage needs!

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