Anyone use their VA construction loan?

My wife and I are considering building because we are not impressed with the houses on the market. We have been gifted some land in upstate NY and want to know if we can afford to build a house on it.

I want to get a 3 bed, 2 bath done for ~$400K. We need to build the foundation (basement), get a septic tank, a well, and electric hooked up. I have $28K in savings but I’m not sure if I should keep saving. I know I need to speak with an architect and builder to get a proper estimate, but I want to see if I’m even being realistic.