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.