Construction Loan
Build your Florida home with financing designed for construction.
Construction loans provide short-term financing to build a home, then convert to a permanent mortgage once construction is complete. One-time close options simplify the process by combining both phases into a single loan.
Explore Construction OptionsKey Features
- Short-term financing during construction phase
- Converts to permanent mortgage after construction
- One-time close options available (single closing)
- Interest-only payments during construction
- Funds disbursed in draws as construction progresses
- Custom home and spec home options available
Who It Is For
Construction loans are for buyers who want to build a custom home on their own lot, or work with a builder to construct a new home. The construction loan covers materials, labor, permits, and other building costs.
One-time close construction-to-permanent loans are the most popular option because you only go through the closing process once. You lock in your permanent rate at the start and avoid a second round of closing costs when construction finishes.
Explore Related
Planning to build your Florida home?
Austin can walk you through the construction loan process and help you lock in your permanent financing.