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VA One-Time Close Loan | Build with 0% Down in Maryland

VA One-Time Close Construction Loan | Build with No Down Payment in Maryland

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

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.

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