Can one acquire a VA Construction Loan oppose to aquiring a Constructional Loan and Coverting it to a VA loan at closing?

There are no VA construction loans. I would attempt to get a builder to construct the home under a standard purchase contract and pay him off when the certificate of occupancy is issued.

Although there is a VA construction loan product, finding a lender willing to do one is near impossible. Understand that VA does not "Lend" money. They only insure loans against default.. the lenders, or those with the $$$, will oftentimes have additional guidelines above what VA calls for.. it's these "overlay's" that makes lending rules different one lender to another.. and for most, 100% financed VA construction loans are at the peak of what's considered a "Risky Loan".. i'm not saying it's impossible to find, but it will be near impossible.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com NMLS# 226347