Florida VA Jumbo Construction Financing Mortgage Loans!

What is a Florida VA Jumbo Construction to Permanent Mortgage Loan and how does it work?

Are you a veteran or member of the U.S. military who needs a very large loan amount for your home? Great news! First Florida Financial Group LLC is proud to offer the VA Jumbo Construction loan with loan amounts up to $750,000.

Zero Down Payment on the first $453,100 then you simply put 25% down payment of the amount over $453,100. Jumbo construction to permanent mortgage loans combine the features of a construction loan and a traditional long-term 15 or 30 years fixed rate residential mortgage loan with a single loan closing prior to the start of construction. This is a big advantage because most construction loans require two closings one for construction and then another one when the home has been completed, saving you time and money. One of the best things is that you don't pay any interest or mortgage payments during the construction of your new home. The mortgage and builder approval process takes about 90 days from start to finish and we allow the builder up to 8 months to complete the construction. 

Here's an example of a Florida VA Jumbo Construction Loan transaction: you are an eligible veteran who has just found your dream home, and it costs $600,000. Your maximum VA home loan amount would be $453,100 with a $0 down payment. You, simply put down 25% on the amount over $453,100, which would be 25% of $146,900 or just $36,725. In effect, you're purchasing your new home with a down payment of just $36,725. Plus closing costs, a lot less than a standard 20% mortgage down payment.

VA Jumbo Construction Financing Mortgage Loan Borrower Requirements
  • 25% down payment of the loan amount over $453,100. 
  • Land equity cannot be used to cover any down payment, closing costs or pre-paid items.
  • Maximum loan amount $750,000.
  • Maximum construction and land cost $855,000.
  • Gift Funds are ok.
  • 2 Year waiting period for prior Foreclosures or Short Sales.
  • 700 credit score required.

VA Jumbo ConstructionFinancing Mortgage Loan Requirements
  • Primary Residence only.
  • Single Family Homes only.
  • Florida only.
  • The borrower cannot perform any of the work.
  • Land can be presently owned, whether free & clear or with a mortgage or can be purchased simultaneously from the builder or even a third party.


Can you get a VA jumbo construction loan to build a house?

Yes, you can we offer VA construction mortgage loans.

Can you buy land with a VA jumbo construction home mortgage loan?

Yes, you can you can purchase your lot and combine it with your VA home construction loan.

Do I need a VA jumbo construction loan Lender?

You don't need a lender in order to get a VA construction loan.

Do you have a VA approved homebuilders list?

We have a lot of builders that are VA approved list and if they're not on our approved list we will get them approved!

How do I get a VA jumbo construction one-time closing construction loan?

We offer VA one-time closing construction loans!

What are the VA new jumbo construction guidelines?

We know VA new construction underwriting guidelines inside and out.

What is the maximum VA jumbo construction loan amount?

The maximum VA loan amount is $750,000 and there is no down payment up to the first $453,100.

What are the VA loan jumbo construction limits by County?

The VA County Loan Limits are $453,100 for all Florida counties except $529,000 for the Florida Keys & Monroe County and $450,800 for Naples & Collier County.

What you need to get VA jumbo construction home loan?

Please see our VA jumbo home loan requirements above.

What is the interest rate for a VA jumbo construction home loan?

We offer the best VA home loan mortgage rates available, Click here to request a rate quote.

What are the VA jumbo construction loan credit score requirements?

You must have a 640 middle credit score to qualify for VA jumbo loan.

What are today's VA jumbo construction loan rates?

We offer the best VA jumbo mortgage loan rates available, Click here to request a rate quote.

What are the VA jumbo construction loan limits for 2017 and 2018?

The maximum VA loan amount is $950,000 and there is no down payment up to the first $453,100.

Can I use my VA benefits to get VA jumbo construction loan?

Yes, you can.

We can get you a VA Jumbo Construction Mortgage Loan to build your dream home and also finance the land up to your counties conventional loan limits which are $453,100 for all Florida counties except $529,000 for the Florida Keys & Monroe County and $450,800 for Naples & Collier County.


We offer loans in the entire state of Florida.
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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