Florida Mortgage Lenders For Partially Finished Homes 

Florida hard money lenders are used to finance a partially constructed Florida home. You can use a construction-to-permanent (CTP) loan, which combines a Florida construction loan with a permanent mortgage into a single process with one application and closing. We have hard money lenders can go up to 80% Loan To Value in all of Florida. 

Half-Built House Florida Mortgage Lenders 

To get a quote, we need the

1. How much did you pay for the land?
2. What are the Soft Costs? Including: Design & Engineering Fees: Permits & Licenses: Financing Costs: Legal & Administrative Fees: Insurance Costs: Project Management & Oversight:  Marketing & Advertising:
3. What are your Hard costs? Includes: Materials, Labor, Equipment, Structural components: 

Florida Mortgage For Unfinished Half-Built Homes

Alternatively, you could use a short-term construction-only loan, but you would then need to pay off the full amount with cash or secure a new Florida mortgage loan after construction is complete. Other options include a mid-construction loan for projects that have gone vertical.

Our partial finished home mortgage lenders underwrite with no appraisals and fast funding. Our partial finished homeFlorida  mortgage lenders have funded well over $1B in loans and have been in business for over 15 years. We offer fix & flip pre-approval loans in less than 24 hours.  I’m not able to do that for all loans, but many are funded within 7 business days.

Construction-to-Permanent Loans (CTP)
This is often the preferred method for buying a partially constructed Florida home , as it simplifies the process by consolidating everything into one loan.
How it works: You apply for one loan that first covers the construction costs and then automatically converts to a standard, long-term mortgage once the Florida home is finished.
Benefits: You only go through the loan application and closing process once, saving you time and a set of closing costs.
Requirements: partial finished home mortgage lenders typically require a strong credit score, stable income, a substantial down payment, and detailed construction plans.
Construction-Only Loans
This is a short-term loan specifically for covering building costs.
How it works: The loan funds are disbursed in phases to cover materials and labor. At the end of the construction period (typically 6-18 months), the entire loan amount is due.
Next Steps: You must either have the cash to pay off the loan or get a separate permanent mortgage.
Downsides: You face two sets of closing costs and two separate loan processes, making it more expensive and complex.
Other Options for Partial Construction
Mid-Construction Loan: Used when a project has already started and gone vertical, this provides funds to finish the Florida home and can help with cost overruns or material delays.
FHA 203(k) Rehab Loan: An FHA-backed mortgage that allows you to finance a Florida home ‘s purchase and a significant amount of repairs or renovations, including structural changes.
Key Considerations
Credit Score: You’ll need a good credit score to qualify for any type of construction or permanent financing.
Down Payment: A substantial down payment is often required, sometimes 20% or more, to avoid paying mortgage insurance.
Loan Risks: Construction loans carry more risk for partial finished home mortgage lenders due to project uncertainty, which can result in higher interest rates.