Land + build + permanent VA · One closing
Florida VA one-time construction loan
Tampa LO Melvin List originates Florida VA one-time-close construction: one loan that buys the lot (or uses owned-lot equity), pays the builder on inspection draws, and converts to a permanent VA mortgage at certificate of occupancy.
- Who it fits
- Eligible veterans, active-duty members, and surviving spouses building a primary residence in Florida.
- Typical down / structure
- Often $0 when as-completed value supports the project
Melvin List (NMLS 243087, Florida LO524), a Tampa-based loan officer with C2 Financial Corporation (NMLS 135622), originates VA one-time-close construction loans for eligible veterans, active-duty members, and surviving spouses building a primary residence anywhere in Florida. Call or text (813) 629-5478. This is Florida consumer origination, not a nationwide construction license.
A VA one-time-close (OTC) construction loan is a construction-to-permanent mortgage guaranteed by the Department of Veterans Affairs. It is one loan that buys the lot (or uses owned-lot equity), pays a licensed general contractor on inspection draws, and converts to a permanent VA mortgage at certificate of occupancy — no second refinance, no re-qualification at CO.
You close once, lock the long-term VA rate at the start, the builder is paid on inspection-based draws, and the loan converts when the certificate of occupancy is issued. Two-close construction (a builder loan, then a VA takeout) is the fallback when the contractor cannot support VA draws — not the first look.
Florida-specific: wind mitigation, elevation, flood zone, and a lender-approved licensed general contractor. Owner-builder is not the first look. Permitting timelines in Hillsborough (including MacDill AFB / South Tampa, Riverview, Brandon), Pinellas, Pasco, Duval, and Southwest Florida counties belong in the draw schedule. PCS and retirement builds near MacDill are common files — occupancy is still a Florida primary residence.
No monthly principal-and-interest payments during the build are typical — interest is usually reserved in the loan and billed after completion. Send the lot, builder, and county.
- One closing — no re-qualification at CO
- Lot purchase or owned-lot equity
- Licensed GC required; not owner-builder first look
- Wind, flood, and elevation are part of the file
- Used in Tampa Bay (including MacDill-area), Jacksonville, Space Coast, and Southwest Florida
This is a Florida consumer VA construction file. It is not a nationwide construction product and it is not DSCR.