VA & One-Time Close Construction Loans

Build your dream home from the ground up with a One-Time Close (OTC) construction loan. Available for VA, FHA, and Conventional financing — one loan, one closing, one set of closing costs.

What Is a One-Time Close Construction Loan?

A One-Time Close (OTC) construction loan combines the construction financing and the permanent mortgage into a single loan with one closing. This means you only pay closing costs once, lock your rate upfront, and transition automatically from construction to permanent financing when your home is complete.

Key Benefits

• One closing — one set of closing costs
• Lock your interest rate before construction begins
• Available with VA (zero down), FHA, and Conventional financing
• Builders do not need to be VA-approved — only lender approval is required
• Modular, manufactured, and site-built homes may qualify
• Build in most Texas markets, including San Antonio and surrounding areas

VA Construction Loan

Eligible veterans can use their VA loan benefit to build a custom home with zero down payment. The VA OTC construction loan combines your construction financing and permanent VA mortgage into one streamlined loan. Builders do not need to be VA-approved — they only need to meet lender approval requirements.