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Construction Loans in Florida: How to Finance Your Custom Build

How construction-to-permanent loans work, the draw process, and what you need to finance a custom Florida home.

November 14, 2024 7 min readBy My Mortgage Loan

One Loan, One Closing

A construction-to-permanent loan finances both your land and your build in a single closing, then converts to a permanent mortgage when the home is complete. That saves time and closing costs compared to two separate loans.

The Draw Schedule

During construction you make interest-only payments, and funds are released in stages (draws) as your builder hits milestones. This protects you and keeps the project on track.

What You Need

You will need a licensed builder, detailed plans, and a cost breakdown. We underwrite you and the project together. Call 813-906-5886 to start planning your custom Florida home.

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