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Home Loans at Virginia Credit Union
A couple in their new home under construction

Construction Loans

We have the tools to help you build your dream home from start to finish.

We offer

fixed rates

on construction loans.

Flexible terms

6, 9, 12 

month options to choose from.

Loan can also include


or you can refinance your land loan.

Why choose a construction loan with VACU?

 We know construction loans and can help you finance building your home from scratch.

 Can include the land purchase OR pay off an existing land loan.

 We have fixed-rate loan options with 6, 9, or 12-month construction terms.

 Our easy-to-use digital platform to help pay your builder throughout your construction.

Finance building your dream home in 4 simple steps

Step 1
Talk to a mortgage loan officer.
  • A mortgage loan officer will help you determine what works best for you and if you need to buy land with the loan.
  • Our mortgage team will help you get pre-qualified and apply for your loan.
Step 2
Finalize plans with your builder.
  • Before we can help you close the loan, we’ll need you to finalize your plans and specs with your builder.
  • Once finalized, we’ll create a “draw schedule,” which will pay the builder from your loan.
Step 3
Close your loan.
  • Once approved, your construction loan will move to closing, where all documents will be signed and you’ll pay your closing costs and any required down payment.
Step 4
Start building.
  • After you’ve closed, your builder is ready to break ground! We’ll help you streamline the building process through our partner, Built, an online accounting platform to help you pay your builder more easily from the loan.
  • When your home is almost finished, your mortgage loan officer will help you refinance your construction loan to a permanent mortgage. 
A mortgage loan officer helping a member

Mortgage Loan Officers

Whether you’re looking to buy or refinance, we have a team of local mortgage loan officers ready to help.

A woman working at her desk

Virginia Statewide Title Services

Offers affordable title insurance to protect you against defects in your property title and can also connect you with a participating closing attorney in your area.

Start building your dream home. 

Break ground on your next adventure with the help of a construction loan.