Florida Conventional Construction Financing Mortgage Loans

A conventional construction to permanent mortgage is a loan that allows you to finance the construction costs of your new home and it's a one-time closing. During construction, you pay only interest on the outstanding loan balance and loans up to $453,100 will convert into a 30 year fixed rate mortgage after the home is built. 

  • 10% Down Payment, 90% LTV up to $453,100.
  • 30 Year Fixed Rate conversions available after completion for loan amounts under 453,100.
  • 20% Down Payment, 80% LTV for Jumbo loan amounts up to 750,000.
  • 30% Down Payment 70% LTV for Jumbo loan amounts up to 1.25 Million.
  • Interest only paid during the construction period (up to 9 months and 12 months with a pool).
  • Primary Residence only.
  • Single Family Homes only.
  • Florida only.
  • The borrower cannot perform any of the work.
  • Minimum Loan amount $200,000

Borrower Requirements.

  • 10% Down Payment, LTV 90%, Minimum Credit Score 680 for Loan Amounts $200,000 to $453,100.
  • 20% Down Payment, LTV 80%, Minimum Credit 720 for Mini Jumbo Loan Amounts $453,100 to $750,000.
  • 30% Down Payment, LTV 70%, Minimum Credit 720  for Jumbo Loan Amounts $750,001 to $1,250,000.
  • Prior short sale and BK waiting period are 5 years.
  • Prior Foreclosure waiting period is 7 years.
  • Prior BK, Foreclosure waiting periods and credit scores may be less on a case by case basis.
  • If the land is owned less than 1 year, loan to value is based on “cost to build” + “acquisition price of land”.
  • If the land is owned for a year or more, loan to value is based on “cost to build” + “land value”.
  • If Land is gifted by relative, ownership seasoning required by the relative for 1-year minimum prior to gift.

Conventional Construction & Jumbo Construction Reserve Requirements.

  • Loan amounts up to $453,100 minimum of 6 months reserves requires.
  • Mini Jumbo, minimum of 6 months reserves for the subject property plus 6 months reserves for each additional property owned property.
  • Jumbo minimum of 9 months reserves for the subject property plus 6 months reserves for each additional property owned property.


Residential knockdowns, Custom Builds and New Construction are happening all over Florida, Let us help you build your new Florida dream home!

We offer loans in the entire state of Florida and the following cities.
Monroe County Florida Cities; Big Pine Key, Islamorada, Key Colony Beach, Key Largo, Key West, Long Key, Marathon, Marathon Shores, Sugarloaf Shores, Summerland Key, and Tavernier, Collier County Florida Cities; Marco Island, Naples Golden Gate, Lee County Florida Cities: Alva, Boca Grande, Bonita Springs, Buckingham, Captiva, Cape Coral, Fort Myers, Fort Myers Beach, Lehigh Acres, Sanibel. Jacksonville, Tampa, Saint Petersburg, Hialeah, Orlando, Fort Lauderdale, Tallahassee, Hollywood, Pembroke Pines, Miami, Palm Beach, West Palm Beach, Boca Raton, Miramar, Sarasota, Gainesville, Bradenton

Got A Question?

Thanks and we look forward to working with you on your mortgage needs!

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