New Construction Loan Requirements in Florida

New Construction Loan Requirements in Florida

On a new construction, underwriters verify the property type, occupancy, and condition alongside your credit, income, and reserves. The property-specific items — appraisal comps, any HOA or project review, and clear title — are where new construction deals stall. As a broker we pre-check those items so your approval does not surprise you late.

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: Financing Guide · FHA · Conventional · DSCR.