Business banking offers secure financial management, streamlined transactions, credit options, and tools to help businesses grow efficiently and sustainably.
A VA Construction-to-Permanent loan combines the financing for the construction phase with the permanent mortgage into one convenient loan. Instead of obtaining a separate construction loan and then refinancing into a permanent mortgage, you only go through the loan application and closing process once.
One-Time Closing: Save time and money with a single closing.
Locked-In Rate: Secure your mortgage rate from the start.
Simplified Process: One application, one lender, less paperwork.
Flexible Draws: Access funds as needed during construction.
Expert Guidance: VA loan specialists support you through every step.
VA Guarantee: Lower rates, no PMI.
Build Equity Early: Start building equity from day one.
Veteran Focused: Dedicated to serving veterans with top financing options.
Apply for the loan and get pre-approved with FFBF. We'll review your eligibility, credit history, and income to determine the loan amount you qualify for.
Builder Approval and Plan Review
We'll work with you to ensure that your builder is VA-approved. We'll also review your construction plans and specifications to ensure they meet VA requirements.
Loan Closing
Once your builder and plans are approved, you'll close on the loan.
Construction Phase
During the construction phase, FFBF will release funds to your builder according to the agreed-upon draw schedule.
Permanent Mortgage
Once construction is complete, your loan automatically converts to a permanent VA mortgage with the terms you agreed upon at closing.
Resources for homebuyers
Loan Checklist
When you're ready to buy a home, it's important to understand what you'll be required to provide in order to make the process simpler for you.
