Richard's Real Estate Thoughts - Chattanooga TN Mortgage Lender: VA 100% One Time Close New Construction Mortgage

VA 100% One Time Close New Construction Mortgage

VA home loans offer 100% mortgages for eligible veterans. This includes mortgages for purchases and for cashout refinances. Even for new home construction. VA One Time Close mortgage allows for veterans to finance the construction of a new home with 100% financing.

The VA construction permanent loan allows provides funds for the lot purchase and for the construction. The permanent loan is fully approved and the rate is locked before the construction begins.

Benefits include:

  • One closing for the construction and for the permanent financing

  • Contractor credit lines are not used

  • Permanent loan terms are locked

  • No updated borrower qualification for the permanent financing

  • No down payment required for new home construction

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Richard Smith
NMLS# 184479 TN# 104002 GA# 28928 

Conventional, FHA, FHA 203k, HUD $100 down purchases, VA,

Rural Development ( USDA), and Jumbo Loans

Lending in Chattanooga, Tennessee and Georgia for over 20 years.

Sierra Pacific Mortgage

Cell phone: 423-280-0345 Email:

Visit my website to inquiry about a home loan.

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This blog represents the opinions of Richard Smith. The posts and comments written on the blog do not represent the opinions or positions of Sierra Pacific Mortgage. 

Comment balloon 1 commentRichard Smith • October 14 2016 05:59AM


Great information Richard. Thanks for sharing. 

Posted by Paula McDaniel, The Paula McDaniel Group (Real Estate Partners Chattanooga LLC) 11 months ago