Jumbo Conventional Construction Mortgage Loans Florida 

What is a Florida Jumbo Construction to Permanent Mortgage Loan?

A 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.

  • 20% Down Payment, 80% LTV for loan amounts up to 750,000.
  • 30% Down Payment 70% LTV loan amounts up to 1.25 Million.
  • Interest only paid during the construction period (up to 9 months and 12 months with a pool).
  • 5/5 Adjustable Rates only on all jumbo construction mortgage loans.
  • 30 Year fixed rates available for conforming loan limit construction mortgage loans.
  • Primary Residence only.
  • Single Family Homes only.
  • Florida only.
  • The borrower cannot perform any of the work.
  • We offer the best Jumbo Construction Mortgage Rates available.

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 and Foreclosure waiting periods and credit score lower requirements will be considered 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 a relative for 1-year minimum prior to gift.         

Jumbo Construction Mortgage Loan Reserve Requirements.

  • Loan amounts up to $453,100 minimum of 6 months reserves.
  • 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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