NMLS #2755375
Build It In Florida.
Finance It. Fund It Fast.
From vacant lot to finished structure — MortgageHouz connects Florida builders, developers, and investors with ground-up construction capital designed for speed, flexibility, and maximum leverage.
Proudly serving Orlando, Tampa, Miami and builders across all of Florida.
- Loan Type: Short-term construction — 12 to 24 months
- Leverage: Up to 90% LTC · Up to 75% LTARV
- Interest: Interest-only on drawn funds — not full commitment
- Draws: Milestone-based, funded within 24–72 hours
- Entities: LLC, LP, and Corporation closings accepted
- Income Docs: Not required — experience-based underwriting available
- Land Equity: Counts toward down payment / borrower contribution
- Florida Coverage: Orlando, Tampa, Miami and statewide
From Bare Land To Finished Asset In Florida
Florida's population growth continues to outpace new housing supply, keeping builders active from Orlando's Central Florida corridor to Tampa Bay and South Florida. Hurricane-code construction and strong buyer demand make Florida one of the most active ground-up markets in the Southeast.
A ground-up construction loan funds the entire build process from land acquisition through final completion. Unlike a traditional mortgage on an existing property, construction loans finance a property that does not yet exist — releasing capital in stages as work is verified on site.
During construction you pay interest only on the amount that has been drawn, not the full loan commitment — keeping carrying costs low in early phases. Once complete, your exit in Florida is a sale, a refinance into a DSCR rental loan, or a one-time-close permanent conversion.
Key Metrics At A Glance5 Powerful Programs. One Expert Team.
We match your Florida project to the right construction lending program — whether you're building a single-family spec home, a multifamily complex, or a full subdivision.
Spec Home Builder
Designed for experienced builders constructing single-family homes for resale across Florida's residential markets.
- Up to 90% LTC / 75% LTARV
- Min. 680 credit score
- 2+ completed builds OR 1 build + 1 major reno ($200K+)
- Loan amounts up to $5M+
- Terms: 12–18 months with extension options
- LLC / entity closing required
- No tax returns or personal income required
Multifamily & Townhome
Purpose-built for 2–10 unit residential properties, townhome communities, and infill multifamily in Florida.
- Up to 85% LTC on total project cost
- Up to 75% of as-completed value
- Min. 680 credit score
- Flexible lease-up and sell-out exit strategies
- Terms: 18–24 months
- Milestone draws funded in 24–72 hrs
Custom Home — One-Time Close
Single-close loan that finances land acquisition and construction, then converts to permanent financing automatically.
- Combines land purchase + build into one loan
- Construction-to-permanent in a single close
- Up to 80% LTC during construction phase
- Interest-only during build; converts on CO
- Great for owner-builders and custom build clients
Build-to-Rent (B2R)
Transitions from interest-only construction to a 30-year DSCR rental loan at completion — popular with Florida portfolio investors.
- Construction phase: interest-only on drawn funds
- Converts to 30- or 40-year DSCR at CO
- No tax returns or DTI calculation at refinance
- Up to 75% LTV on permanent DSCR loan
- SFR, 2–4 unit, and small multifamily eligible
Subdivision & Scattered-Site Program
For experienced Florida developers building multiple properties under one program — from scattered-site portfolios to platted subdivisions and infill communities.
- Multiple simultaneous builds under one credit facility
- Cross-collateralization available to increase leverage
- Land equity reimbursement at closing
- Lot purchase reimbursement up to 65% of land value
5 Steps From Blueprint To Funded
How Funds Are Released
Construction funds are disbursed in stages tied to verified milestones — protecting both the lender and your Florida project timeline. Each draw is inspected and funded within 24–72 hours of approval.
| Draw Phase | Milestone / Trigger | Typical % of Budget | Notes |
|---|---|---|---|
| Draw 1 — Initial | Closing / Land acquisition & site prep | 5–10% | Lot purchase reimbursement available up to 65% of land value |
| Draw 2 — Foundation | Foundation poured & inspected | 10–15% | Third-party inspection required; interest begins accruing on drawn amount |
| Draw 3 — Framing | Framing complete, roof sheathed | 20–25% | Structural milestone — largest single draw for most projects |
| Draw 4 — Mechanicals | HVAC, plumbing, electrical rough-in | 15–20% | Required inspections: mechanical, plumbing, electrical rough-in |
| Draw 5 — Drywall & Interior | Drywall hung and taped; insulation complete | 10–15% | Interior work progressing; exterior nearly complete |
| Draw 6 — Finishes | Flooring, cabinets, fixtures, trim | 15–20% | Near-complete milestone; landscaping and drives may be included |
| Draw 7 — Final | Certificate of Occupancy issued | 10–15% | Final disbursement triggers permanent conversion or sale payoff |
Draw fees typically $150–$250 per inspection. Schedules are customized per project. Contingency fund of 10–20% of total budget recommended.
Do You Qualify In Florida?
Our programs are designed for real estate investors, builders, and developers — not owner-occupants. Here's what lenders typically look for.
✅ Borrower Requirements
- Minimum 680 credit score (some programs allow 660 with compensating factors)
- Experience evaluated — 2 to 3 completed ground-up builds preferred
- First-time builders may qualify with a strong general contractor & detailed plans
- Must close in LLC, LP, or Corporation — no personal vesting
- No personal income documentation required on most programs
🏗️ Project Requirements
- Approved construction plans, permits, and project budget required at submission
- Licensed general contractor with signed contractor agreement
- Shovel-ready Florida projects get fastest approvals and maximum LTC
- Contingency fund of 10–20% of total hard costs strongly recommended
- Builder's risk insurance required prior to first draw
📋 What You'll Need
- Construction plans and specifications
- Full project budget (hard costs, soft costs, contingency)
- Contractor agreements and builder resume / track record
- Copy of lot purchase contract or current deed
- Entity documents (LLC operating agreement, etc.)
🔁 Exit Strategy Options
- Sell — Pay off construction loan from sale proceeds at closing
- DSCR Refinance — Refinance into a 30- or 40-year rental loan, no income docs
- Construction-to-Perm — Single-close option converts automatically at CO
- Build-to-Rent (B2R) — Interest-only through construction, then long-term DSCR loan
What We Finance In Florida
Ground-up construction loans for investment and builder-owned properties across Orlando, Tampa, Miami and the rest of Florida.
Single-Family Spec
Standalone homes in residential areas — built to sell or rent.
2–4 Unit
Duplex, triplex, and quadplex new construction for investors.
Multifamily 5–10 Unit
Small apartment buildings, lease-up or build-to-rent strategies.
Townhome Projects
Attached and detached townhome communities and infill developments.
Subdivision / Platted Land
Scattered-site or platted residential subdivision programs.
Mixed-Use (Residential Majority)
Buildings with residential above retail — majority residential use required.
Custom Homes
Custom home builds where the borrower does not intend to occupy.
Build-to-Rent Portfolios
Single or multiple SFRs built for long-term rental income.
Florida Ground-Up Financing — Answered
Are ground-up construction loans available throughout Florida?
What's the difference between LTC and LTARV?
Can I use land I already own as part of my down payment?
Do I need to provide tax returns or personal income documents?
What if I'm a first-time builder in Florida with no completed projects?
How quickly can I access draw funds during construction?
Can I close the loan in an LLC or business entity?
Ready To Break Ground In Florida?
No obligation. Our team responds within 24 hours.
Request A Florida Quote Now →