eLEND TPO Products
VA One-Time-Close Construction
Give eligible VA borrowers a streamlined path to new construction with one loan and one closing. The VA One-Time Close Construction-to-Permanent Loan combines construction financing, lot purchase or land payoff, and permanent mortgage financing—helping simplify the process for both you and your borrowers.
Why Our Partners Love VA One-Time-Close
- One Loan. One Closing.
- No Requalification
- No Payments During Construction
- Rate Protection
- Up to 100% Financing
- Construction & Permanent Approval
- Flexible Fixed Terms
Who is Eligible?
- Minimum FICO of 620 for base loan amounts up to $806,500
- Minimum FICO of 640 for base loan amounts over $806,500
- Maximum loan amount of $1.5 million
- Loan amounts over $1.5 million require prior eLEND approval
- Primary residence only
- Certificate of Eligibility (COE) required
Eligible Property Types
- 1-unit site-built homes
- New manufactured homes, single- or multi-width
- Modular homes
- Barndominiums
How It works
1
Qualify
Qualify the borrower for VA One-Time Close financing.
2
Close Once
Combine construction, land, and permanent financing into one closing.
3
Build
Construction begins with financing and permanent terms already approved.
4
Transition
Once construction is complete, the loan transitions to permanent financing without requalification.
Let’s Get Started
Ready to move forward? Check out our quick tools below.
