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Veterans can use their existing lot or buy a lot and obtain a VA construction loan, all in one closing. There’s no need to do a “two-time close” because a VA one-time close is much more cost effective and beneficial for Veterans by keeping cost down. With a VA construction loan in Texas, you can build your dream house without a down payment, up to $2 million and more, with exceptions allowed. Since this is still a VA loan, it follows the same basic guidelines as a regular VA loan.
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