We explain how construction financing connects to the build, introduce independent lenders, prepare the project documents they request, and manage construction from plans to keys.
Talk to a Builder →Unlike a traditional mortgage where you buy an existing home, a construction loan finances the building of a new home from the ground up.
A construction loan is temporary financing that typically lasts 12 to 18 months. The lender releases funds in stages, called draws, as construction reaches specific milestones.
During construction, many programs charge interest on the amount already drawn. With an approved construction to permanent or single close structure, the loan is designed to convert after the lender's completion conditions are met. Other construction loans require separate permanent financing.
A custom build can be designed around your lot, priorities, and Florida requirements. Compare its complete project cost, financing, schedule, and appraisal with suitable resale alternatives in the same market.
Funds held in escrow by lender
Site work, slab, and foundation poured
Structure, roof, windows installed
MEP rough installation, drywall, finishes
CO received; lender verifies conversion conditions
A single close can reduce repeated steps for some buyers, while two separate closings may offer different lender or rate options. Compare the actual Loan Estimates before choosing.
| Feature | Single Close | Two Closings |
|---|---|---|
| Number of closings | Usually 1 | Usually 2 |
| Closing costs | May avoid a second eligible set | Two closings can create additional costs |
| Rate treatment | Lock structure varies by program | Permanent rate is set at the second loan |
| Qualification after construction | Reduced, but lender conditions still apply | New approval is generally required |
| Flexibility | One coordinated loan structure | Can shop permanent financing later |
| How to compare | Review each lender's Loan Estimate, fees, lock terms, and conversion conditions | |
Construction loan requirements vary, but lenders commonly review the following items in Florida.
Lenders may consider credit, income, debt, reserves, down payment, appraisal, and project feasibility.
Appraised land equity may reduce or replace cash required, depending on total project cost, borrower qualifications, and program rules.
Approved floor plans and construction budget from a licensed builder (that's us).
A licensed general contractor. BuilderK is CGC #1537163; each lender independently reviews builder eligibility and project documents.
Here is how financing fits into the BuilderK process from the first conversation through move in.
We assess your budget, lot, and goals. No commitment.
We connect you with lenders who specialize in construction loans.
Get approved before construction with your plans and budget in hand.
One closing. Construction begins. Draws released as we build.
Home complete. The lender verifies completion and any conversion conditions. Keys in hand.
BuilderK is not a lender. We prepare the project information your chosen lender needs from the builder.
We can introduce independent construction loan lenders across Florida. You compare programs and choose the lender that fits your situation.
We organize the plans, budget, and builder documents so the lender can review a complete project package.
CGC License #1537163. Our license and project documents support lender review; builder approval remains specific to each lender.
Own your lot? Appraised land equity may reduce or replace cash required, subject to lender, appraisal, and program terms.
BuilderK coordinates the design, permits, construction, and project documents while your lender manages the loan.
We document the project budget, allowances, and known exclusions. Site conditions, selections, and approved changes can still affect final cost.
Everything you need to know about construction financing in Florida.
Talk with us about your project, budget, and financing questions. There is no commitment or pressure.
Talk to a Builder →