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Simple new home construction financing

When you’re ready to build your dream home, we’ve got you covered from the ground up. Our simplified process ensures you lock in a great rate up front before construction begins, as well as save time and money with just one closing.


Take a closer look at Construction-to-Permanent financing

A Construction-to-Permanent loan allows you to shop for just one loan when building a new home. It covers the financing during the building process and then transitions into a permanent loan once construction is complete, saving you the additional time and closing costs of two separate loans.

Lock in low rate up front
Convenient one-time closing
Close in 30 days or less
If you're ready to get started, let us walk you through the process. You can reach us a number of ways: call (863) 688-8443 or toll free (855) 915-4663, find a local mortgage specialist, or start your application online.



Learn about Construction-to-Permanent Mortgages

  • Down payment as low as 5%1
  • Financing is secured before construction begins. You only need to be approved once.
  • Locked rates with float down option available (Borrower must qualify at modification.)
  • Interest-only payments during construction
  • One-step, one-time closing
  • Converts to a fixed- or adjustable-rate mortgage.
  • Flexible loan terms - 10, 15, 20 or 30 years
  • Jumbo loans available

Things to Consider

  • Builder must be reviewed by MIDFLORIDA.
  • Inspections are required prior to each draw.
  • If fixed interest rates fall during the construction phase, you may have the option to adjust your rate one time before the loan converts to a permanent mortgage. Fee may apply.
  • While there is only one closing, additional costs may be due at the time of loan conversion, such as establishing an escrow account for insurance and taxes, unpaid construction phase interest or title insurance fees.


How much home can you afford?

Begin your search for a new house knowing exactly what will fit in your budget. Once you find your dream home, you’ll be able to make your offer, confident that you have the financing to seal the deal.
Notices & Disclosures
Payment Example: A 30-year fixed-rate construction to permanent loan for $200,000 with 5% down at 5.125% and an Annual Percentage Rate (APR) of 5.876% has a monthly payment of $1,129.16, which includes principal, interest, and private mortgage insurance.