: In most cases, you can finance 100% of the land and construction costs.
To finance land with your VA benefits, you must use a (often called a "One-Time Close" loan). This specific product combines the land purchase, the cost of construction, and the permanent mortgage into a single transaction with one closing.
: Like standard VA loans, there is no monthly private mortgage insurance.
: Many lenders allow you to lock in your permanent interest rate before construction even begins. Key Requirements for 2026
Yes , but only if you plan to build a primary residence on that land immediately. You cannot use a VA loan to purchase raw land for future use, recreation, or investment purposes. How it Works: The VA Construction Loan