FHA New Construction Loan in Florida

FHA New Construction Loan in Florida

FHA financing on a new construction brings a 3.5% minimum down payment and a 580-score floor, but FHA also has property rules — condition, occupancy, and project approval where it applies. When a new construction clears those, FHA is one of the most accessible loans, and it stacks with Florida assistance. We confirm FHA eligibility for the specific property.

Financing new construction in Florida usually means a construction-to-permanent loan: one loan, one closing, that funds the build in stages and then converts to a standard mortgage when the home is finished.

During construction you draw funds as the builder hits milestones and pay interest only on what is drawn. When the certificate of occupancy is issued, the loan rolls into permanent financing at the agreed terms — no second closing or requalifying. Buying from a production builder is different: they often have a preferred lender, but you are free to shop, and we frequently beat the builder's rate or incentives net of cost.

We line up the construction loan, manage the draw schedule with your builder, and lock the permanent terms so the project finishes on budget.

Read the full new construction financing guide, or compare other angles: Requirements · Financing Guide · Conventional · DSCR.