If the builder of your new home has financing for the construction and only requires a deposit from you, then once the home is built you can use your Veteran loan benefits to close on the purchase of your home. If construction financing is not available, it is still possible to use the VA or Texas Vet loan; however, there are several clauses that make the transaction much more complex.

Also, with new construction homes if you are using a Texas Vet Loan the home must meet the Environmental Protection Agency’s (EPA) guidelines for ENERGY STAR® qualified homes, and must be ENERGY STAR® labeled and certified.