New Construction Loans
Building from the ground up? New construction loans cover the costs of construction and then convert to a standard mortgage once your home is complete. This option provides flexibility and peace of mind throughout the building process.
Scenario
Amanda and Brian wanted to design their forever home from scratch. Their new construction loan funded the build and then converted into a traditional mortgage once construction was finished — making the process seamless from start to move-in.
“Build From the Ground Up.”
Borrower Checklist:
Builder contract & project plans
Strong credit & income stability
Down payment (10–20% common)
Documentation Checklist:
Construction plans & signed builder contract
Pay stubs, W-2s, tax returns
Bank statements (for reserves)
ID & property lot documents
34125 US Highway 19
Suites 110 and 200, Office 291
Palm Harbor, FL 34684
1.813466.4319
NMLS: 1693869 | 130562
Licensed by the Department of Financial Protection and Innovation (DFPI)