VA One-Time Close Construction Calculator 1-800-230-7201
Construction Build Planner
Build Inputs
Model a VA one-time close (construction-to-permanent) loan structure.
Buying the lot means the lot price is a financed use, not an equity credit.
Controls which FFPS downpayment rule applies. Ch. 7 §g, Tables 8/9/10.
Direct cash only. Land equity is counted separately when eligible.
Fallback limit until a county is selected.
Entitlement
Full entitlement: no county-limit cap. Ch. 3.
Use Count
Funding-Fee Exempt?
Advanced Inputs
Owner-Builder?
VA permits the Veteran as contractor (Ch. 7 §b). Many lenders restrict this — confirm with your loan officer.
38 CFR 36.4313(d)(3): up to 2% when ≥51% disbursed during construction. On top of origination.
Ch. 8: 1% flat charge standard.
Finance Funding Fee?
Ch. 8: on purchase/construction, only the funding fee may be financed.
Ch. 7 §n: if ceiling-floor, borrower must qualify at the maximum rate.
Draw Schedule (Illustrative Lender Schedule)
DrawLabel% of BuildMonth
1Foundation
2Framing
3Rough-in
4Finishes
5Final
Lender-illustrative only. Actual draw schedule is set by the lender. Lender must obtain written approval from borrower before each draw (Ch. 7 §i).
Two-Close Comparison Inputs
Affordability Check (Optional)
Build structure overview
Enter inputs to model the construction loan structure.
Acquisition Cost Breakdown (Ch. 7 §e)
Land & Funding-Fee Downpayment (Ch. 7 §g)
FFPS Worked Math (Tables 8/9/10)
Construction Interest (Draw-by-Draw)
Value Sensitivity
Overrun Sensitivity
One-Close vs Two-Close
Posture Labels
Copyable Lender Summary
Get Help With Your Construction Loan
This is a planning model, not a Loan Estimate or underwriting approval. All rates and figures are illustrative. Consult with your loan officer for your specific situation.
VA data last verified: Ch. 7 (June 5, 2024) · 38 CFR 36.4313 · Circular 26-25-1 (March 31, 2025) · FHFA 2026 county limits (Nov 25, 2025) · Funding fee rates effective April 7, 2023 (va.gov)
VA Loan Network · 1-800-230-7201