Down payment: VA construction loans do not require a down payment, but you’ll need up to 20% down with a traditional construction loan. Private mortgage insurance (PMI): ...

VA construction loans are designed to benefit active-duty U.S. military service members and veterans. Eligible borrowers may be able to build a new home without a down payment, but there are ...

VA construction loans aren’t as common as other types of loans, and not all lenders offer them. You’ll need to shop around for lenders who offer VA construction loans. Look at banks, credit ...