Building a home in Florida doesn't have to be complicated. We connect you with the right lender, guide you through the process, and manage everything from plans to keys.
Check My Eligibility →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 a short-term loan (typically 12–18 months) that covers the cost of building your home. The money isn't given to you all at once — it's released in stages called "draws" as construction hits specific milestones.
During construction, you only pay interest on the amount that's been drawn. Once the home is complete, the loan converts into a traditional mortgage — this is called a construction-to-permanent loan, or one-time close.
With Florida's population boom and rising home prices, building custom means you get exactly what you want — designed for Florida's climate, hurricanes, and your lifestyle — often for less than buying resale in the same area.
Funds held in escrow by lender
Site work, slab, and foundation poured
Structure, roof, windows installed
MEP rough-in, drywall, finishes
CO received, loan converts to permanent
We recommend the one-time close for most Florida buyers. Here's why:
| Feature | One-Time Close ✓ | Two-Time Close |
|---|---|---|
| Number of closings | 1 | 2 |
| Sets of closing costs | 1 set | 2 sets |
| Rate locked before construction | ✓ | ✕ |
| Risk of not qualifying after build | None | Yes |
| Convenience | Simple | Complex |
| Total savings | $5,000–$15,000+ | — |
| Best for | Most buyers | Investors, cash-heavy buyers |
Construction loans have specific requirements. Here's what lenders typically look for in Florida:
Minimum credit score. Some programs accept 620 with compensating factors.
Down payment if you own your lot. The land equity counts as your down payment.
Approved floor plans and construction budget from a licensed builder (that's us).
A licensed general contractor. BuilderK is CGC #1537163 — we're approved by lenders.
From first conversation to move-in day — here's how it works with BuilderK:
We assess your budget, lot, and goals. No commitment.
We connect you with lenders who specialize in construction loans.
Get pre-approved with your plans and budget in hand.
One closing. Construction begins. Draws released as we build.
Home complete. Loan converts to mortgage. Keys in hand.
We're not a bank — but we make the lending process seamless.
We work with multiple construction loan lenders across Florida and match you with the best fit for your situation.
We prepare your plans, budget, and builder documentation exactly how lenders need it — no back and forth.
CGC License #1537163. We're already approved with construction loan lenders, which speeds up your approval.
Own your lot? Your land counts as equity, potentially eliminating the need for a cash down payment entirely.
Financing, design, permits, and construction — all coordinated through BuilderK. No juggling multiple companies.
No hidden fees, no surprises. We give you a clear budget upfront and stick to it throughout construction.
Everything you need to know about construction financing in Florida.
Let's talk about your project, your budget, and your financing options. No commitment, no pressure — just a conversation.
Check My Eligibility →