I've been told the same thing--they don't do construction loans.
The difference in these two conversations depends on WHO is carrying the construction loan. The case of the person whose house is almost complete, they do not have a construction loan. They have a regular VA loan that will start when they buy the house from the builder. In this case, the builder has went out and got the construction loan himself and sells the new home to the buyers after completion. If you are needing a construction loan, you can apply for one and then just tell the lender that when the home is complete, instead of turning it in to a long term conventional loan you want to turn your short term construction loan in to a VA loan. If you build the house yourself, beware because VA is looking for some specific items in a home in order for them to finance it. It is much easier if you hire a builder that knows how to build to VA standards and has a VA code. Consult your lender on requirements of the home on a VA loan.

would you have to have to closing if you switch loans?

I engaged USAA but they informed me they did not do construction loans. I worked with a local bank for that. Finding a bank was difficult particularly since we were working as our own general contractors. It took about 3 months to secure the loan once we had the bank. A complete budget and timeline and countless documents were required.... Down to plumbing and electrical fixtures, floors,... They pay out to our subcontractors or to us via a monthly invoice process. We compile to them and submit and via a title company checks are issued (they do not provide any funds upfront). Lien waivers are required by everyone involved on every payment. Stuff we had done before the loan we had to go back and get lien waivers.... Additionally they required (and we had to pay for) inspections along the way. We are now getting close (yay!) to finishing the house and are working to convert the construction loan to a USAA mortgage.

.I have construction loan and ill be interested in information on converting this loan to a mortgage.House is nearly complete.I bank with the bank where i have the const. loan and they will do a mortgage,but would like to get a better rate here if possible.Don't know what rate will be yet.Also don't know if they will move mortgage some other institution.Any info you  provide will be appreciated.Thank You,LW

The best way for you to get accurate pricing for your situation is to call and talk to a mortgage specialist at 1–800–531–8722 (USAA) . There are also a few online calculators you could use, but I think the easiest and most accurate way to get the information you need is a quick phone call! Congratulations on your new home!

This discussion is valuable to us. We are trying to purchase land, build a home and finance using a VA loan. USAA does not do construction loans, only mortgage loans. VA does not do construction loans, only mortgages. So i am turning to a local bank to request financing for the construction loan. This loan may or may not include the cost of the land, depending on how we structure it with the builder and also with the seller of the land. The consideration for how to finance the land and the construction and the ultimate mortgage is how many times must we pay closing costs and go through the paperwork to get the home we have dreamed of for decades? It is a daunting process and requires upfront money from us. The VA loan is supposed to allow veterans the opportunity for home ownership with little upfront cost, but only applies to a constructed building, not an imagined, architected, house under construction. The VA mortgage is based on the existing value of the house and land. If it isn't complete (with proper permits) the value is not real... yet.
bpab- We are in the same boat, trying to build "the dream home" in a non military community. Having a difficult time finding a bank that believes the VA construction to mortgage loan is worth the red tape... were you able to find success??
To the last reply, since USAA and VA do not do construction loans, could you not complete your project with a bank loan and then secure a VA loan at a typically lower interest rate? I am new to all of this, but my husband and I are looking at property to purchase this Spring to build on in a few years. We hope to have the land paid for and then begin construction after the land is paid off. Any suggestions would be most appreicated.
I was told the same thing, then mentioned the VA Construction loan i read on here, and Things changed. If you say VA Construction loan, USAA does deal in those. Regular Construction loans, No.