We Finance Land and Build is a mortgage program that finances the construction, lot purchase, and permanent loan of a new home, all wrapped up in a single mortgage with a single closing.
Previously, most construction loans required two separate closings, as well as a pre-qualification process. We Finance Land and Build helps you avoid the extra step, saving you time and money. And with Single Close Loans available through the VA, FHA, and USDA. Building your new home is easier than before!
Approved for a VA or FHA loan but can’t find a home?
Have you considered new construction?
- We finance the purchase of the land and construction
- No payments are due until construction is complete
- Homes in the low 400’s
One time close on construction for VA and FHA loans
- 620 minimum credit score
- Must be a primary residence
FHA 3.5 % down payment
VA 0% down payment
Who Can Apply:
Veterans, active duty service members, National Guard members, and reservists must meet the basic service requirements set forth by the Department of Veterans Affairs to be considered eligible for a VA Home Loan. Spouses of military members who died while on active duty or as a result of a service-connected disability may also be eligible.
You may be eligible for a VA Home Loan if you meet one or more of the following conditions:
- You have served 90 consecutive days of active service during wartime.
- You have served 181 days of active service during peacetime.
- You have more than 6 years of service in the National Guard or Reserves.
- You are the spouse of a service member who has died in the line of duty or as a result of a service-related disability.
It is ultimately up to the VA to determine who is and isn’t eligible for a home loan. If you’re a veteran curious about the possibility of having your new home built from scratch, talk to a lender about your options.
The following home property types are excluded from the program, meaning that you won’t be able to use the We Finance Land and Build for financing:
Steel framing kits for metal buildings that are assembled on site.
Metal structures that combine living quarters with traditional barn space.
Log Cabin Homes
Pre-cut kits for log buildings that are assembled on site.
Shipping Container Homes
A dwelling made from a steel container otherwise used for shipping
Houses raised on piles over land or a body of water.
Solar or Wind-Powered Homes
Homes that are powered on-site by wind turbines or solar panels.
The primary reason for these exclusions is that all non-regular homes are considered unique properties and hard to get comps for under VA, FHA, and USDA guidelines. These homes require specialized construction techniques, making it even more important than a single builder starts and finishes a project. If the builder were to quit before a job is finished, the lender would need to step in and find a replacement. This can be more difficult than usual due to the specific nature of the work.
We Finance Land and Build is not a government agency. We do not offer or have any affiliation with loan modification, foreclosure prevention, payday loan, or short-term loan services. Neither We Finance Land and Build nor its advertisers charge a fee or require anything other than a submission of qualifying information for comparison shopping ads. We do not ask users to surrender or transfer titles. We do not ask users to bypass their lender. We encourage users to contact their lawyers, credit counselors, lenders, and housing counselors.