Virginia's Trusted Construction Lender
Your Dream Home,
Built Right.
From Veterans using their entitlement to families building custom homes — we deliver one-time close construction financing with transparent rates and a commitment to closing on time.
Loan Programs
Construction loans, tailored to your build.
Whether it's a VA new build, a custom dream home, or a major renovation — we have the program to fit your project.
VA Construction
$0 down for eligible Veterans and service members.
One-Time Close
Single closing for construction and permanent financing.
Conventional Build
Flexible terms for custom builds and tear-down rebuilds.
Renovation Loans
Finance major renovations rolled into your mortgage.
Lot + Build
Roll your land purchase into a single construction loan.
Builder Approval
Fast underwriting on builders, plans, and draw schedules.
The Process
One-Time Close construction loans
Build your dream home with one application, one closing, and one loan that covers everything — land, construction, and your permanent mortgage.
Phase 1 — Pre-qualification
Pre-qualify & review your finances
Your loan officer reviews credit scores, income, assets, and debt-to-income ratio. Conventional OTC typically requires a minimum 620–640 credit score, though 700+ gets you the best pricing. You'll discuss how much you can borrow and lock in your interest rate before construction starts.
Select your lot & builder
Choose your land (or bring existing land equity) and select a licensed, insured builder approved by your lender. The builder must provide a detailed cost estimate and construction schedule. Owner-builders are generally not allowed unless you hold a general contractor license.
Phase 2 — Application & Approval
Submit your full construction package
Provide blueprints, floor plans, specs, materials list, and a signed construction contract. Your lender uses these documents to order an appraisal based on the projected completed value of your home — not the empty lot.
Underwriting & loan approval
Your entire file — income docs, credit, appraisal, construction plans, and builder credentials — goes through underwriting. Approval typically takes 3–5 weeks. You only qualify once; no re-underwriting is needed when the home is finished.
Phase 3 — Closing
The single closing
You close once, signing both the construction loan and permanent mortgage documents on the same day. Your interest rate is locked. The loan covers the land purchase, construction costs, and a required 5% contingency reserve. Minimum down payment is 5% for primary residences (up to 95% LTV).
Phase 4 — Construction
Construction draws & inspections
Funds are held in escrow and released to your builder in stages (draws) as work is completed. Each draw requires a third-party inspection confirming progress matches the approved schedule. You make interest-only payments on amounts drawn — not on the full loan balance.
Phase 5 — Permanent Mortgage Conversion
Final inspection & automatic conversion
When construction is complete and the certificate of occupancy is issued, your loan automatically converts to a permanent fixed-rate mortgage — no second closing, no new appraisal, no requalification. Employment verification is the only re-check required. Full principal & interest payments begin no later than 60 days after the final inspection.
Key requirements
- Min. credit score
- 620+
- Down payment
- 5% min.
- Max LTV
- 95%
- Mortgage insurance
- PMI if <20% down
- Occupancy
- Primary residence
Timeline snapshot
- Pre-qual to approval
- 3–5 weeks
- Closing
- 30–45 days
- Construction phase
- Up to 12 months
- Conversion delay
- Within 60 days
- Closings total
- 1
Why Choose Us
Built for Virginia. Built on trust.
We honor your service and respect your investment with transparent rates, dedicated VA construction expertise, and a team that closes on time — every time.
- $0 down VA construction financing
- Local Virginia underwriting team
- Interest-only payments during build
- Lot purchase financing included
- No application fee — ever
Get In Touch
Contact Us
Have questions about your mortgage options? Fill out the form below and we'll get back to you promptly.
What Our Clients Say
5-Star Reviews
Rated 5.0 out of 5 stars from 18+ reviews on Zillow. Here's what families across Virginia are saying.
"Jon made the entire process so easy and stress-free. As a first-time buyer, I had so many questions, and he patiently walked me through every step. We closed in under 21 days!"
Sarah M.
First-Time Homebuyer
"We used our VA benefits to purchase our dream home and Jon was incredible. He understood the VA process inside and out and got us a rate we didn't think was possible."
David & Lisa K.
VA Loan
"Building a home seemed overwhelming until we met Jon. He handled the construction loan seamlessly and kept us informed at every stage. Highly recommend!"
Marcus T.
Construction Loan
"Jon helped us refinance and save over $400/month. He was responsive, transparent, and made the paperwork painless. I've already referred two friends to him."
Jennifer R.
Refinance
"From pre-approval to closing, Jon was professional and always available. He fought for us to get the best deal and we couldn't be happier with our new home."
Chris & Amanda W.
Home Purchase
"I didn't think homeownership was possible with my credit situation, but Jon found a program that worked for me. He truly goes above and beyond for his clients."
Robert P.
FHA Loan
Ready to Get Started?
Let's build your future together.
Get pre-qualified in minutes. We'll review your project, confirm your numbers, and put you on the path to building.