Usually you can do a construction loan 100 financed.
It's doable.
Check with a local Loan Advisor to see if they may have such a program.
It may be possible but very few lenders offer 100% for the construction loan, only on the permanent mortgage - unless you already own the land and there will be equity in it after you build the home. It may be easier to find a contractor who will build the home with their own financing, a decent deposit from you, and you would buy the home from them when the home is complete.
Most of the ones I have seen that were done successfully were done with a larger builder who could front the money up front and get paid back when it was finished. I have never done one myself since most lenders don't actually provide them even though VA allows them. I would speak with some local banks and local builders to see what options you can find. Best wishes, Sean
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