Construction Loans Florida
We offer construction loans in Florida for residential builders developing ground-up projects throughout the Sunshine State.
Whether you are building in Miami’s high-demand urban core, Tampa’s expanding suburbs, or Orlando’s booming hospitality corridor, we deliver up to 90% LTC and 100% construction financing with rates starting at 10.25%.
Apply online, get instant approval, and secure proof of funds to lock down your next Florida development site.
Up To 100% Construction Financing
Can You Get A Construction Loan In Florida?
Absolutely, and it just might be easier than you think. New Silver funds residential construction projects throughout Florida, where metros like Miami, Tampa, Orlando, and Jacksonville continue offering opportunities for builders despite the market’s recent price corrections.
Florida’s building landscape throws different challenges at you depending on where you’re working. In coastal projects such as Miami, you are dealing with hurricane codes and serious wind-load requirements. If you are building inland, it’s a different story, with drainage systems and foundation work becoming the priority.
Either way, you can expect lenders to require detailed site plans, approved permits, and construction budgets that account for Florida’s specific building standards before they will fund your project. Make sure every box is ticked, and you shouldn’t have an issue obtaining construction loans in Florida.
What You Need To Know About Building In Florida
Generally speaking, construction financing in Florida typically structures payments as interest-only during your build phase, with the full balance due at maturity—either by selling the completed property or refinancing based on its finished value.
Florida-Specific Building Factors:
Hurricane and Wind Standards: Statewide building codes mandate enhanced hurricane resistance, with coastal counties enforcing the strictest requirements. Expect higher material costs for impact-resistant windows, reinforced roofing systems, and engineered tie-down systems.
Flood Zone Regulations: Much of Florida sits in FEMA flood zones, requiring elevated foundations and flood-rated construction methods. Coastal projects must meet additional setback requirements and surge protection standards.
Permit Timelines: Major metros like Miami-Dade and Broward typically require 6-8 weeks for permit approval, while smaller counties such as Polk or Citrus often process permits faster with less complex review requirements.
Year-Round Construction Climate: Florida’s warm weather allows continuous construction without winter shutdowns, though summer’s afternoon thunderstorms and occasional hurricanes can temporarily halt exterior work.
Best Construction Loan Lenders In Florida
These lenders actively finance ground-up residential construction throughout Florida, with established track records funding projects across the state’s diverse coastal and inland markets.
1. New Silver
New Silver is a reputable construction loan lender with a proven track record across the US. Each borrower is treated as a valued investing partner, contributing to their exceptionally high repeat borrower rate. New Silver offers industry-leading closing times, rapid loan approvals, and a streamlined online application process, setting a new standard in lending efficiency.
- Interest rates 10.25 – 11.25%
- Instant proof of funds letter
- Credit score 650+
- Interest only payments
2. Lima One
Lima One Capital is a private lender offering investment property loans for various investing strategies. Borrowers can work together on their deals with the in-house team of experts at Lima One, which speeds up the hard money lending process and cuts out any middlemen.
Lima One offers new construction loans for builders who are ready to begin a ground-up project, or a tear-down. Up to 85% LTC is offered, along with 70% LTV. Loans begin at $100,000 and the maximum amount that can be borrowed is $3 million. Lima One also has a Build to Rent loan product which offers longer loan terms.
3. Asset Based Lending
ABL (Asset Based Lending) is one of the prominent construction loan lenders focused on helping small business owners, real estate investors, and commercial contractors finance their business activities. These loans are tailored to each person’s needs and ABL provides hard money construction loans in over 29 states across the US.
ABL’s new construction loans are used for land acquisition and construction or rebuilding of existing property. Previous experience is an essential element when applying for these loans. New construction loans can be used for single family, multi-family, and mixed-use properties.
4. Nationwide Home Loans Group
Nationwide home loans group, another top contender in the list of best construction loan lenders, offers both one-time and two-time close construction loans. The lender has made it to the top of the list based on their loan offerings and they offer up to 100% financing of the construction. Nationwide Home Loans Group provides funding for primary residences, second homes, ADUs and 1-4 unit multi-family properties.
The lender facilitates all parts of the process, from searching for a property to communicating with builders. Nationwide Home Loans Group provide fixed-rate and interest-only terms on their construction loans. The one-time close construction loan requires only one appraisal and no-requalification once the construction is complete.
5. Lending One
LendingOne is a direct lender for real estate investors, with loans that are tailored to each investor’s strategy and is one of the top ranked Construction Loan Lenders in 2023. Lending One offers ground up construction loans which are between 12 and 24 months.
These require interest-only payments for a period of time and are applicable for single-family detached properties, condos, town homes, multi-family properties
How To Complete A Building Project In Florida
Step 1 – Find Profitable Land in Florida’s Growth Markets
Start by identifying buildable lots in Florida’s expanding markets. Miami-Dade’s infill opportunities, Tampa’s northern corridor development, Orlando’s tourism-adjacent residential zones, and Jacksonville’s suburban sprawl all present great opportunities.
Calculate your finished home’s value carefully using comparable sales specific to your Florida submarket – Miami condos command $500,000+, while inland markets like Lakeland or Ocala offer lower price points for builders working with tighter budgets.
Step 2 – Secure Plans and Navigate Florida’s Permitting Process
Construction loan lenders in Florida usually require complete building plans and valid permits before closing. Florida’s permitting varies dramatically by jurisdiction—Miami-Dade and Broward enforce rigorous engineered plans with multiple inspection checkpoints, while rural counties like Highlands or Hendry move faster with simpler approval processes.
Coastal projects face additional scrutiny around wind resistance calculations, flood elevation standards, and environmental impact reviews. Budget 6-10 weeks in urban areas, though hurricane season can extend timelines if inspectors get redirected to storm damage assessments.
Step 3 – Choose Your Florida Construction Lender
After securing your land and permits, select a construction lender familiar with Florida’s market dynamics. New Silver funds projects across Florida’s diverse regions—from hurricane-zone coastal builds to inland suburban developments to barrier island properties.
Our streamlined approval process delivers up to 90% LTC and 100% construction financing without the extended delays typical of traditional bank underwriting in Florida’s fast-moving land markets.
Step 4 – Submit Your Florida Construction Loan Application
Apply with complete documentation, including building plans, approved permits, site surveys, and construction budgets that reflect Florida’s actual material and labor costs. Meet the 650 minimum FICO, and approval becomes straightforward.
New Silver’s platform generates instant term sheets and proof-of-funds letters, giving Florida builders the speed they need to compete when desirable lots hit the market.
FL Real Estate Market Analysis
Florida’s median home value stands at $384,811 as of early 2026, down 4.3% over the past year as the market undergoes a healthy correction following years of rapid appreciation. Despite price adjustments, homes continue to move at a moderate pace (averaging 82 days on market), while inventory has expanded to a 4.5-month supply, creating more balanced conditions between buyers and sellers.
Florida’s Market Dynamics:
Continued Population Growth Despite Slowdown: Florida added approximately 200,000 residents between July 2024 and July 2025, maintaining its position among America’s fastest-growing states. However, this represents a significant slowdown from previous years, with domestic migration dropping sharply to 22,517 (ranked 8th nationally, down from typically ranking #1 or #2).
International migration remains Florida’s primary driver of growth, contributing 178,674 new residents—the highest in the nation. Major metros like Orlando, Tampa, Miami, and Jacksonville continue attracting relocators seeking no state income tax, a warm climate, and economic opportunities.
Market Correction Creating Builder Opportunities: After hitting peak prices of $430,000 in April 2024, Florida’s single-family median has stabilized around $415,000 as of December 2025. While some coastal markets like Cape Coral experienced steeper 10% declines, most Florida metros show modest price adjustments or slight stability.
This correction, combined with expanded inventory levels, creates opportunities for spec builders who can deliver competitively priced new construction to meet sustained buyer demand.
Economic Foundation Remains Strong: Florida’s diversified economy, including tourism and hospitality in Orlando, finance in Miami, technology in Tampa, and healthcare throughout the state, continues supporting employment growth despite national economic uncertainties.
The state’s business-friendly environment and continued corporate relocations provide underlying strength for long-term housing demand.
Insurance and Affordability Challenges: Rising property insurance costs, particularly in coastal zones, present ongoing challenges for both builders and buyers. Combined with mortgage rates above 6%, affordability is putting pressure on some segments of the market. However, builders who can deliver efficiently priced new homes in high-demand submarkets still see strong buyer interest.
For builders and construction lenders, Florida’s market correction represents normalization rather than collapse. While the explosive 2020-2022 growth has cooled, the state’s population growth, economic strength, and persistent housing needs create sustainable opportunities for well-planned residential construction projects throughout 2026.
Data Sourced From – Zillow.com
Loan Application Process Overview
This short video will walk you through the application process, show you how to get conditionally approved online in under 5 minutes, see your preliminary term sheet and show you how our easy online platform helps you be more successful.
Get Your Florida Construction Loan Today
Ready to break ground on your Florida construction project? Our streamlined online application delivers rapid approvals and instant proof-of-funds letters to help you secure land in the state’s competitive markets.
With up to 90% LTC and 100% construction financing available, you can start building faster on projects from Miami to the Panhandle. We are well-versed in Florida’s unique building requirements and market dynamics. Apply for a construction loan now, and receive your term sheet today!
Get Approved OnlineFrequently Asked Questions
No. New Silver’s construction loans cover both land acquisition and construction budgets in a single transaction. Our up to 90% LTC includes your lot purchase plus the complete build budget, allowing Florida builders to secure sites and funding simultaneously rather than arranging separate financing for each.
Florida enforces some of America’s strictest hurricane-resistant building codes, particularly in coastal counties. These requirements—impact windows, reinforced roofing, engineered tie-downs—increase construction budgets compared to non-hurricane states. New Silver regularly underwrites Florida coastal projects and accounts for these enhanced standards in our loan approvals, provided your construction budget reflects realistic hurricane-zone building costs.
New Silver requires a minimum FICO of 650 for Florida construction financing. However, we prioritize your project’s fundamentals—land value, realistic construction budget, and after-repair value based on Florida comps—rather than relying exclusively on credit scores. Experienced Florida builders with solid plans often qualify even with scores near the minimum.
Yes. Despite recent price adjustments, spec construction remains viable in Florida’s high-demand submarkets. New Silver finances spec projects throughout the state regularly. We evaluate spec homes based on local comparable sales data, lot location, and how well your floor plan matches buyer preferences in that specific Florida market—whether it’s Miami condos, Tampa suburbs, or Orlando’s tourism-adjacent residential zones.
New Silver generally closes construction loans in 2-4 weeks once you provide complete documentation—building plans, approved permits, and detailed budgets. This timeline significantly beats traditional banks, which often require 60-90 days or longer. Our efficient process helps Florida builders secure financing quickly when competing for desirable lots in the state’s active land markets.
Florida’s warm climate allows year-round construction, unlike northern states that face winter shutdowns. However, summer brings afternoon thunderstorms that can temporarily pause exterior work, and hurricane season (June-November) occasionally halts construction during storm threats. Despite these brief interruptions, Florida’s extended building season maximizes the efficiency of your construction loan by minimizing weather-related delays compared to other regions.
Construction Loans Near You
New Silver Offers Construction Loans Across The US
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- Washington DC
- West Virginia
- Wisconsin
- Wyoming
Additional Resources
Construction Loan Calculator
Use our Construction Loan Calculator to estimate your monthly payments. Enter the loan amount, interest rate, and the term of the loan to calculate your monthly payment.
Construction Loan Rates
Find out the latest Construction Loan Rates here. This guide explores what rate you are likely to qualify for.
Construction Loan Requirements
First and foremost, you need to know the location of the development and you also need to have building plans and permits.
Construction Loan Down Payment
The typical down payment on a construction loan is between 10% and 20% of the total project cost.
Best Construction Loan Lenders
Some lenders are better than others. This guide reveals the Best Construction Lenders at this moment in time.
How To Get Into Construction
This guide explains out how you can get started in the Construction Industry.
How Much Does Construction Pay
On average construction workers make over $50,000 annualy.This resource explores how much construction pays, on average.
How To Start A Construction Business
This is a step-by-step guide which explains how to start a Construction Business.
Types Of Construction Loans
There are 3 main types of Construction Loan. This guide highlights the differences between them.
Banks That Offer Construction Loans
There are various US banks providing different Construction Loan options for real estate investors.
Construction Loan vs Mortgage
There are a number of differences between a Construction Loan and Mortgage. Each difference is fully explored in this guide.