Builder Sold Construction Loans in Florida
Builder Sold Loan in Florida
Florida remains one of the fastest-growing states for residential construction. Population migration, retirement demand, and a strong job market continue driving new home activity across all major metros. For borrowers in Florida seeking home construction financing, Normandy offers a dedicated Builder Sold Loan program covering projects statewide — including Miami, Tampa, Orlando, Jacksonville, Fort Lauderdale, and Naples.
Builder-sold new home construction is one of Florida’s strongest residential segments, with buyer demand supporting new communities throughout Central Florida, the Panhandle, and the Atlantic coast.
Normandy’s Florida program: Loan amounts from $95,000 to $5,000,000. Up to 75% of contract price on conforming amounts; 70% for larger amounts. 12-month construction term; extensions available. Interest-only on funds advanced. Full and limited income documentation available. New builders considered. Foreign nationals are eligible.
Visit https://normandy.com/builder-sold-loans/ to review guidelines or begin pre-qualification. All Normandy programs: https://normandy.com/. Phone: 800-390-7536.
General Guidelines*
- Loan amounts from $95,000 to $5,000,000
- Loan amounts up to 75% of the contract price on conforming loan amounts, otherwise up to 70% of contract price. Cross collateralization considered on other properties, if needed, for maximum or greater loan amounts.
- Land purchase may be included in the construction loan. Please call for a quote.
- Foreign Nationals are eligible for this program
- Deal directly with the Loan Officer/Underwriter
- Full and Limited Income Documentation programs available
- Fast pre-qualification, typically within 3 – 5 business days, closing typically within 30 days (fast track closings 14+/- days available if certain criteria is met)
- Loans are available to Borrowers with excellent to less than perfect credit (subject to underwriting)
- Flexible draw schedules
- 1 to 4 family homes, refer to Commercial Construction for more than 4 units
- 12 month construction term with extensions available
- Interest only payments based on funds advanced
- New Builders will be considered
*All rates and terms subject to change without notice
Florida Construction Market & Regulatory Overview
Florida remains one of the fastest-growing states for residential construction. Population migration, retirement demand, and a strong job market continue driving new home activity across all major metros.
Building Code: Florida Building Code (FBC), including mandatory hurricane-resistant construction standards.
Permitting: Permits are issued through local county and municipal building departments. All construction must comply with the FBC and applicable wind zone requirements for the project location.
Key construction considerations in Florida include hurricane wind zones, flood plain elevation requirements, and high-humidity building conditions. Normandy’s underwriting team works directly with borrowers — you deal with the loan officer and underwriter, not a call center.
Contractor Licensing in Florida
Florida general contractors must hold a state-issued license through the Department of Business and Professional Regulation (DBPR). Specialty trade contractors are separately licensed.
Owner-Builder Note: Florida allows owner-builders to act as their own contractor for a primary residence, but limits how frequently the exemption applies and requires a sworn affidavit with the local building department.
Loans Available in the Following States
- Alabama (AL)
- California (CA)
- Colorado (CO)
- Connecticut (CT)
- Delaware (DE)
- Florida (FL)
- Georgia (GA)
- Hawaii (HI)
- Iowa (IA)
- Idaho (ID)
- Indiana (IN)
- Kansas (KS)
- Kentucky (KY)
- Massachusetts (MA)
- Maryland (MD)
- Maine (ME)
- Michigan (MI)
- Missouri (MO)
- Mississippi (MS)
- Montana (MT)
- North Carolina (NC)
- Nebraska (NE)
- New Mexico (NM)
- New Jersey (NJ)
- New York (NY)
- Oregon (OR)
- Ohio (OH)
- Oklahoma (OK)
- Pennsylvania (PA)
- South Carolina (SC)
- Tennessee (TN)
- Utah (UT)
- Rhode Island (RI)
- Virginia (VA)
- Washington (WA)
- West Virginia (WV)
- Wyoming (WY)
Frequently Asked Questions — Builder Sold Loan in Florida
Q: What is a builder sold construction loan in Florida?
A: A builder sold construction loan in Florida is financing for a builder with a signed purchase contract. Normandy funds the build in draws; the loan is repaid when the buyer closes on the completed home. The 12-month term covers construction, with extensions available.
Q: How does a new construction mortgage work for builders in Florida?
A: A new construction mortgage in Florida through Normandy provides draw disbursements as work progresses. Interest-only payments on advanced funds during the 12-month term. Up to 75% of the contract price is available for conforming loan amounts.
Q: What home construction financing is available for signed-contract builds in Florida?
A: Normandy’s home construction financing in Florida for signed contracts offers loan amounts from $95,000 to $5,000,000. Full and limited documentation programs available. Cross-collateralization on other properties considered for greater amounts.
Q: What builder financing programs does Normandy offer in Florida?
A: In Florida, Normandy offers the Builder Sold Loan (for committed contracts), the Builder Spec Loan (for spec builds), and the Hiring a Builder Loan (for owner-occupant construction). See all programs at normandy.com or call 800-390-7536.
Q: What is a construction mortgage loan for builders in Florida?
A: A construction mortgage loan for builders in Florida is short-term financing covering residential construction costs. Draws are disbursed at milestones. Interest-only on advanced funds. 12-month term with extensions available. New builders are considered