Va construction

Can’t find your dream home? Let’s build it.

Build your dream home with one of the Nation’s Top 20 Veterans Affairs (VA) Lenders.

Top 20 VA lender for 6 consecutive years: 2019, 2020, 2021, 2022, 2023 and 20241

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REVIEWS FROM OUR HAPPY CUSTOMERS

Let us help you find the right financing for your new construction!

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Understanding the home loan construction

Here’s how our home loan process works

Step 1

Talk to one of our construction bankers experienced in VA lending and apply for your loan.

Step 2

Once loan is approved. Find your builder!

Step 3

The fun starts! Start building your dream home and move in.

Ready to start building?
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Types of Construction Covered by VA Construction Loans

If you can’t find your dream home, that might mean it hasn’t been built yet! For eligible veterans, a VA construction loan could be a great way to make your dream a reality.
As a veteran owned and operated bank, we pride ourselves in helping veteran clients navigate their homeownership mission.
With a VA construction loan from us, eligible borrowers can build:

  • Single Family Residence
  • Barndominums (Site Built Construction)
  • 2-4 Unit Owner Occupied Residence
  • Manufactured Home (Singlewide and doublewide, 600 square feet minimum)

Not sure if your home plan fits here? Contact us to find out.

Who is Eligible for a VA Construction Loan?

In addition to meeting the VA’s eligibility requirements, borrowers who work with us must have:

  • At least a 640 credit score.
  • Depending on credit score and qualifying income, a debt-to-income ratio between 43% and 55%.
  • A VA Certificate of Eligibility (COE).
  • Intended to use this home as their primary residence.
  • Sufficient VA entitlement to qualify for the end loan at closing of the construction loan (Talk to our specialists if your entitlement is still wrapped in your current home).
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Build Your Dream Home with a VA Construction Loan

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We Help Veterans Find Their Home

The Federal Savings Bank is founded, owned, and operated by veterans who have been in your shoes and care about helping you take your next
steps.

We’ve worked to be a Top 20 VA Lender for 6 consecutive years, and here’s a glimpse into how we’ve done it:

  • We have veteran lending specialists available to you in all 50 states.
  • We have a cutting edge, technology-based home-buying process.
  • We manage processing and underwriting in-house.

Veterans who work with us for their VA construction loan may also be eligible for a Veteran Personal Loans up to $50,000!

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Dream Bigger. Start Building.

Get in touch with one of our VA construction lending specialists to learn more about your options.

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This information is intended for educational purposes only. Products and interest rates subject to change without notice. Loan products are subject to credit approval and include terms and conditions, fees and other costs. Terms and conditions may apply. Property insurance is required on all loans secured by property. VA loan products are subject to VA eligibility requirements. Adjustable Rate Mortgage (ARM) interest rates and monthly payment are subject to adjustment. Upon submission of a full application, a mortgage banker will review and provide you with the terms, conditions, disclosures, and additional details on the interest rates that apply to your individual situation.

1 Top 20 VA Lender each fiscal year between 2019-2023. Source: Department of Veterans Affairs Lender Statistics