Ask Travis

Can I use a VA loan for new construction near Fort Sill?

By Travis Wright, REALTOR®, with eXp Realty

Yes. VA loans work for new construction, including one-time-close construction loans that roll the build and the permanent loan together. The key is whether the builder is set up for VA financing, so ask early. The VA's standard requirements still apply, and the official details are on VA.gov. I walk Fort Sill buyers through this regularly, and I keep a VA loan and BAH guide for new construction here: https://newconstructionhomeselgin.com/va-loan-bah/.

What to check before you finance a new build with a VA loan

VA financing on new construction works, but it is worth confirming the process with the builder before you get too far into the conversation. Some builders are set up for VA financing and some are not, so ask early and get the answer in writing.

One-time-close construction loans roll the build and the permanent loan into a single loan
Ask whether the builder is set up for VA financing before you sign anything
The VA's standard requirements still apply to the home, the appraisal, and the loan
Official program details are on VA.gov

Travis's take: Ask early whether the builder works with VA financing, and bring a lender who knows one-time-close construction loans for the Fort Sill area.

Frequently asked questions

The short answer, again