Build your home in Tennessee with a VA One-Time Close. Zero down.

How the VA One-Time Close works in Tennessee

The VA One-Time Close construction loan finances your land and construction in a single loan that closes one time. Eligible veterans and active-duty service members can finance up to 100% of the project cost with no down payment, and construction interest is built into the budget so you make no monthly payments during construction. When the home is complete, your permanent rate is set through a modification, and many borrowers reduce their rate at completion.

If you already own your land in Tennessee, the loan can pay off an existing land loan at closing, and landowners with equity can have closing costs covered through a builder credit. If you don't own land yet, the lot purchase and the build are financed together.

Where veterans are building in Tennessee

We see demand across Middle Tennessee (Nashville exurbs, Clarksville near Fort Campbell), East Tennessee (Knoxville, the Tri-Cities, and mountain acreage near the Smokies), and West Tennessee around Memphis and Jackson. Mountain and acreage builds carry unique appraisal considerations we handle regularly.

Tennessee veteran resources

The Tennessee Department of Veterans Services supports veteran homeowners statewide. Tennessee also operates a property tax relief program for qualifying disabled veterans; your county trustee can confirm eligibility and current limits.

Tennessee VA construction loan FAQs

Can I buy land and build in Tennessee with a single VA loan?

Yes. The VA One-Time Close finances the land and construction together in one closing with no down payment for eligible borrowers.

Does NoSo Funding close mountain and acreage builds in East Tennessee?

Yes. Sloped lots and rural acreage require careful site feasibility and appraisal support, which is core to how we run every file.

Is there a down payment on a Tennessee VA construction loan?

No. Eligible veterans can finance up to 100% of the project cost, and there are no monthly payments during construction.

Learn more about your path: VA construction loans for landowners or VA construction loans without land. Or browse our full VA construction loan FAQ.