No down payment may be required
VA does not require a down payment when program requirements are met and the sales price does not exceed the appraised value. A lender may still require one in some situations.
Home Loans and Home Buying Benefits for Veterans
Explore home loan options and home buying benefits available to veterans, active duty military members and other eligible homebuyers. Allen Edwin Homes can help you understand VA home loan options, potential zero down financing and available savings when purchasing a new home.
VA home loans can make buying a new construction home more accessible
Eligible veterans, active duty service members, and certain surviving spouses may be able to use a VA backed purchase loan to buy or build a home. VA backed loans can offer benefits including no required down payment in many cases, no private mortgage insurance, and limited closing costs.
Nearly 90%
of VA backed loans are made with no down payment, according to the U.S. Department of Veterans Affairs.
Source: U.S. Department of Veterans Affairs
A Clearer Path for VA Buyers
Does Allen Edwin Homes accept VA financing?
Yes. Allen Edwin Homes accepts VA financing on eligible new home purchases, subject to borrower, lender, property, and VA requirements.
VA financing is welcome here
With a resale home, the individual seller decides whether to accept, counter, or decline an offer. For a buyer using VA financing, that can add another variable to the home search.
Allen Edwin Homes accepts VA financing on eligible purchases. That gives VA buyers a clearer starting point: you can focus on finding the right home and completing the VA lending process without wondering whether the builder is willing to work with VA financing.
✓
VA financing accepted
On eligible Allen Edwin home purchases. Loan approval and VA requirements still apply.
VA Loan Benefits
What are the benefits of a VA home loan?
A VA backed purchase loan can offer meaningful financing advantages for eligible borrowers. The lender still determines loan approval, credit, income, interest rate, and other loan terms.
No private mortgage insurance
VA backed purchase loans do not require private mortgage insurance, often called PMI, or FHA style mortgage insurance premiums.
Limited closing costs
VA rules limit certain closing costs. Buyers may still have closing expenses and may owe a VA funding fee unless they qualify for an exemption.
A benefit you may use again
The VA home loan guaranty is a lifetime benefit. Eligible borrowers may be able to use the benefit more than once.
New Construction + VA Financing
Can you use a VA loan to buy a new construction home?
Yes. Eligible borrowers can use a VA backed purchase loan to buy a qualifying home, and VA financing can also be used in certain situations to build a new home. The borrower, property, lender, and loan must meet applicable VA requirements.
Buying a home that is already built or under construction
Allen Edwin Homes offers new homes at multiple stages of construction, including Move In Ready homes and homes still in progress. This can give buyers more choices around timing.
VA financing is completed through a private lender. Your lender can confirm whether the home and your loan meet current VA requirements.
Browse Move In Ready homesBuilding a new home
The Department of Veterans Affairs states that VA backed purchase loans may be used to build a new home. Construction financing requirements can vary by lender and transaction.
Allen Edwin Homes can help you compare homes that are already underway with opportunities to start earlier in the new home building process.
See the new home building processAllen Edwin VA Financing Experience
How many Allen Edwin buyers have used VA financing?
Since Allen Edwin Homes began tracking VA financed transactions in 2017, 667 homes have closed using VA financing. In 2026, 70 have closed so far, with 22 additional VA financed homes currently under contract and expected to close this year.
667
recorded VA financed closings since Allen Edwin Homes began tracking in 2017
70
VA financed homes closed so far in 2026
22 additional VA financed homes are currently contracted to close in 2026.
Recorded VA financed closings by year
The chart reflects VA financed Allen Edwin Homes transactions since tracking began in 2017. The 2026 orange segment represents current contracts expected to close this year and is not counted as closed.
2017
12
2018
46
2019
69
2020
71
2021
78
2022
62
2023
71
2024
97
2025
91
2026
70
ClosedCurrently contracted for 2026 closing
Internal Allen Edwin Homes transaction data. Allen Edwin Homes began tracking VA financed transactions in 2017. Current contracts and projected closings are subject to change.
Interactive Guide
Find your next VA homebuying step
Choose where you are in the process and what type of new home timing you prefer. This tool provides educational next steps only. It does not determine VA eligibility or loan approval.
Two quick questions
You do not need to enter a name, phone number, email, income, credit score, or other personal financial information.
The VA Buying Process
How do you buy a new home with a VA backed loan?
VA financing is one part of the homebuying process. These are the major steps to understand before closing on a new home.
Confirm your VA home loan eligibility
Request a Certificate of Eligibility, or COE, through VA.gov or an eligible lender. The COE confirms that you meet the VA service requirements for the home loan benefit.
Talk with a lender
A private lender handles the mortgage. The lender reviews credit, income, loan amount, and other requirements and can explain your estimated costs.
Compare new home options
Review Move In Ready homes, homes already under construction, communities, and floorplans that fit your location and timing.
Complete appraisal, underwriting, and closing
Your lender coordinates the VA appraisal and final loan steps. Review your Closing Disclosure carefully before closing on the home.
New Home Confidence
What can you expect from an Allen Edwin home?
VA financing helps answer the mortgage question. The home itself still matters. Allen Edwin Homes backs the buying experience with defined standards, verified performance, and long term protection.
You can also compare homes at different stages of construction, including completed and in progress inventory, which can provide more flexibility when your move timeline matters.
Hometown Heroes
What about teachers, police officers, firefighters, and first responders?
VA home loan benefits are based on qualifying military service and other VA eligibility requirements. A profession such as teaching, law enforcement, firefighting, or emergency response does not by itself create VA home loan eligibility.
Hometown Heroes who are not eligible for VA financing can still explore other financing options available through private lenders, including conventional, FHA, and USDA Rural Development programs when applicable.
VA Loan FAQ
Frequently asked questions about VA loans and new construction
Can I buy a new construction home with a VA loan?
Yes. Eligible borrowers can use a VA backed purchase loan to buy a qualifying home. The Department of Veterans Affairs also states that VA backed purchase loans may be used to build a new home. The lender, borrower, property, and transaction must meet applicable requirements.
Do VA loans require a down payment?
VA does not require a down payment when program requirements are met and the sales price does not exceed the appraised value. A lender may still require a down payment in some situations. VA reports that nearly 90% of VA backed loans are made with no down payment.
Do VA loans require private mortgage insurance?
No. VA backed purchase loans do not require private mortgage insurance, or PMI, or FHA style mortgage insurance premiums.
What is a VA Certificate of Eligibility?
A Certificate of Eligibility, often called a COE, confirms to a lender that you meet the VA service requirements for the home loan benefit. A COE does not by itself guarantee loan approval.
How do I request a VA Certificate of Eligibility?
You can request a COE online through VA.gov. You may also be able to request one through an eligible lender or by mail. See the official VA instructions for requesting a COE.
Are there closing costs with a VA loan?
There can be. VA limits certain closing costs, but borrowers may still have lender fees, appraisal costs, taxes, insurance, and other expenses. Many borrowers also pay a one time VA funding fee unless they qualify for an exemption. Your lender will provide a Loan Estimate showing expected costs.
Can I use my VA home loan benefit more than once?
Yes, in many cases. The VA home loan guaranty is a lifetime benefit, and eligible borrowers may be able to use it multiple times. Entitlement and other requirements still apply.
Does Allen Edwin Homes accept VA financing?
Yes. Allen Edwin Homes accepts VA financing on eligible new home purchases. Borrower eligibility, lender approval, property requirements, appraisal requirements, and other VA program rules still apply.
Does Allen Edwin Homes have experience with VA home loans?
Yes. Since Allen Edwin Homes began tracking VA financed transactions in 2017, 667 homes have closed using VA financing through September 2026. Another 22 VA financed homes are currently under contract and expected to close in 2026.
Does Allen Edwin Homes decide whether I qualify for a VA loan?
No. VA home loans are made by private lenders, and the lender determines loan approval based on VA requirements and its own underwriting standards. Allen Edwin Homes can help you explore new home options and connect the home search with your financing timeline.
Ready to compare new homes and your VA financing options?
Start by browsing available new homes, reviewing financing resources, or learning how Allen Edwin Homes builds in Michigan, Indiana, and Ohio.
*VA program information on this page is educational and should be confirmed with the U.S. Department of Veterans Affairs and a qualified lender. Sources: VA Home Loans, VA Purchase Loans, and VA Funding Fee and Closing Costs.