Hiring a Builder Construction Loans in Virginia

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Hiring a Builder Loan in Virginia

Whether your project is in Northern Virginia (DC Metro), Richmond, or a smaller Virginia community, Normandy’s Hiring a Builder Loan program is available statewide. Home builder financing is available for qualifying borrowers throughout Virginia.

Virginia homebuyers working on waterfront builds along the Chesapeake Bay, mountain properties in the Shenandoah Valley, or estate communities in Loudoun County typically hire Class A or B licensed contractors to manage compliance and permitting.

Loan amounts from $95,000 to $5,000,000. Conforming up to $832,750 at 90% LTC; jumbo to $5M at 80% LTC. Foreign nationals may apply. The land purchase may be included in the loan. Full income documentation required for maximum LTV.

Questions about construction loan with builder in Virginia? Call 800-390-7536 or visit https://normandy.com/hiring-a-builder-loan/. Normandy’s complete loan list: https://normandy.com/.

General Guidelines*

For a Rate and Fees quote call

800-390-7536

PRE QUALIFY NOW (Consumer Use Only)

Virginia Construction Market & Regulatory Overview

Virginia’s construction activity is concentrated around the Washington D.C. metro in Northern Virginia, the Richmond growth market, Hampton Roads’ federal and military-driven residential demand, and Shenandoah Valley custom builds.

Building Code: Virginia Uniform Statewide Building Code (USBC), based on the International Residential Code with Virginia-specific modifications.

Permitting: Permits are issued through local county and city building departments under the USBC. Inspections are required at multiple construction stages.

Key construction considerations in Virginia include coastal storm and flood risk in Hampton Roads, high humidity statewide, and winter ice and snow events in Northern Virginia and the mountain regions. Normandy’s underwriting team works directly with borrowers — you deal with the loan officer and underwriter, not a call center.

Contractor Licensing in Virginia

Virginia contractors must be licensed through DPOR (Department of Professional and Occupational Regulation) as Class A, B, or C depending on project size and value.

Owner-Builder Note: Virginia allows owner-builders to construct a residence for personal use without a contractor license. The exemption does not extend to properties built for sale or rent.

Loans Available in the Following States

Owner Occupied

Loans available for owner occupied properties in the following states:

  1. California (CA)
  2. Connecticut (CT)
  3. Delaware (DE)
  4. Florida (FL)
  5. Iowa (IA)
  6. Massachusetts (MA)
  7. Michigan (MI)
  8. North Carolina (NC)
  9. New Jersey (NJ)
  10. New York (NY)
  11. Oregon (OR)
  12. Rhode Island (RI)
  13. Virginia (VA)
  14. Washington (WA)

Non-Owner Occupied

Loans available for non-owner occupied properties in the following states:

  1. Alaska (AK)
  2. Alabama (AL)
  3. California (CA)
  4. Colorado (CO)
  5. Connecticut (CT)
  6. Delaware (DE)
  7. Florida (FL)
  8. Georgia (GA)
  9. Hawaii (HI)
  10. Iowa (IA)
  11. Idaho (ID)
  12. Indiana (IN)
  13. Kansas (KS)
  14. Kentucky (KY)
  15. Massachusetts (MA)
  16. Michigan (MI)
  17. Maryland (MD)
  18. Maine (ME)
  19. Mississippi (MS)
  20. Missouri (MO)
  21. Montana (MT)
  22. North Carolina (NC)
  23. New Jersey (NJ)
  24. Nebraska (NE)
  25. New Mexico (NM)
  26. New York (NY)
  27. Ohio (OH)
  28. Oklahoma (OK)
  29. Oregon (OR)
  30. Pennsylvania (PA)
  31. Rhode Island (RI)
  32. South Carolina (SC)
  33. Tennessee (TN)
  34. Utah (UT)
  35. Virginia (VA)
  36. Washington (WA)
  37. West Virginia (WV)
  38. Wyoming (WY)

Frequently Asked Questions — Hiring a Builder Loan in Virginia

Q: What is a construction loan with builder in Virginia?

A: A construction loan with builder in Virginia is short-term financing for new home construction managed by a licensed GC. Normandy disburses funds in draws as construction milestones are completed. Interest-only payments apply on advanced funds. Land purchase may be included.

Q: How does custom home builder loan financing work in Virginia?

A: Custom home builder loan financing in Virginia through Normandy disburses funds tied to inspection milestones. Conforming amounts to $832,750 at 90% LTC; jumbo to $5M at 80% LTC. The borrower selects the licensed GC; Normandy funds the build.

Q: What do I need to finance building a home in Virginia?

A: To finance building a home in Virginia through Normandy, you need a residential lot (or land can be included in the loan), a licensed GC, and full income documentation for maximum LTV. Pre-qualification is typically 3 to 5 business days.

Q: What new home construction financing is available in Virginia?

A: Normandy offers new home construction financing in Virginia for conforming and jumbo loan amounts. The program covers single-family and 2–4 family owner-occupied builds. Minimum 750 mid FICO for maximum LTV. Foreign nationals are eligible.

Q: Is home builder financing available for less-than-perfect credit in Virginia?

A: Yes. Loans are available to borrowers with excellent to less-than-perfect credit, subject to underwriting. No minimum FICO is required for consideration, though a 750 mid FICO is required for the 90% conforming / 80% jumbo maximum LTV programs.

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Normandy Corporation

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