Can I get a construction loan in Florida?
Answered by Onias Derilus, Mortgage Capital · NMLS# 1859012 · Florida licensed mortgage broker
Yes. Construction loans fund building a new home in draws as work progresses, and construction-to-permanent loans convert to a standard mortgage when the home is finished, so you close once.
You'll need plans, a licensed builder, and a budget. Florida's new-build market makes these common. We'll coordinate the draw schedule and the permanent conversion.
Yes, for new builds
Yes. Construction loans are available across Florida to fund building a new home. The loan releases money in stages as the build progresses, and you often pay interest only during construction.
When the home is finished, the loan converts to a permanent mortgage or you refinance into one.
What you will need
Expect detailed building plans, a licensed builder contract, and a down payment often around 20%. The lender inspects each phase before releasing funds.
We help Florida buyers finance new construction. Apply now and we will map your construction loan.
Verify the details for your own situation against these government and agency sources: CFPB Owning a Home guide and HUD homebuyer resources.