Home Renovation Loans in Florida
Renovation Loan in Florida
Whether your project is in Miami, Tampa, or a smaller Florida community, Normandy’s Renovation Loan program is available statewide. Renovation financing is available for qualifying borrowers throughout Florida.
Florida’s aging housing stock and exposure to hurricane and flood damage create steady demand for renovation financing — from storm hardening upgrades to full interior remodels in older coastal communities.
Loan amounts from $95,000 to $5,000,000. Up to 85% of appraised value for owner-occupied conforming amounts. Foreign nationals may apply. Borrower may act as own GC or hire a qualified builder. No site supervisor required. Non-owner occupied allowed.
Questions about home renovation loan in Florida? Call 800-390-7536 or visit https://normandy.com/renovation-loans/. Normandy’s complete loan list: https://normandy.com/.
General Guidelines*
- Loan amounts from $95,000 to $5,000,000
- Loan amounts up to 85% of the appraised value on single family, owner occupied, full income documentation, conforming loan amounts up to $832,750. Loan amounts over $1M, up to 80% of appraised value may be considered. Cross collateralization allowed on other properties, if needed, for maximum or greater loan amounts.
- Lender will advance up to 75% of the purchase price towards the acquisition of a property
- Foreign Nationals are eligible for this program
- Deal directly with the Loan Officer/Underwriter
- Fast pre-qualification, typically within 3 – 5 business days, closing typically within 30 days (fast track closings in 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
- Borrower may act as own General Contractor or hire a qualified builder. No site supervisor required.
*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
Owner Occupied
Loans available for owner occupied properties in the following states:
- California (CA)
- Connecticut (CT)
- Delaware (DE)
- Florida (FL)
- Iowa (IA)
- Massachusetts (MA)
- Michigan (MI)
- North Carolina (NC)
- New Jersey (NJ)
- New York (NY)
- Oregon (OR)
- Rhode Island (RI)
- Virginia (VA)
- Washington (WA)
Non-Owner Occupied
Loans available for non-owner occupied properties only:
- Alaska (AK)
- 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)
- Michigan (MI)
- Maryland (MD)
- Maine (ME)
- Missouri (MO)
- Mississippi (MS)
- Montana (MT)
- North Carolina (NC)
- New Jersey (NJ)
- Nebraska (NE)
- New Mexico (NM)
- New York (NY)
- Ohio (OH)
- Oklahoma (OK)
- Oregon (OR)
- Pennsylvania (PA)
- Rhode Island (RI)
- South Carolina (SC)
- Tennessee (TN)
- Utah (UT)
- Virginia (VA)
- Washington (WA)
- West Virginia (WV)
- Wyoming (WY)
Frequently Asked Questions — Renovation Loan in Florida
Q: What is a home renovation loan in Florida?
A: A home renovation loan in Florida is financing for renovating, expanding, or improving a residential property you own or are purchasing. Normandy disburses funds in draws as work progresses. Interest-only payments on advanced funds during the 12-month term.
Q: What does home improvement loan financing cover in Florida?
A: Home improvement loan financing in Florida through Normandy covers kitchen and bathroom remodels, structural additions, ADU construction, and full property renovations. Loan amounts from $95,000 to $5,000,000. Up to 85% of appraised value for owner-occupied conforming amounts.
Q: Is renovation financing in Florida available for non-owner occupied properties?
A: Yes. Normandy’s renovation financing in Florida covers both owner-occupied and non-owner occupied 1–4 family residential properties. Please call 800-390-7536 for LTV specifics on non-owner occupied applications.
Q: What is a fixer upper loan in Florida?
A: A fixer upper loan in Florida through Normandy lets you purchase and renovate a property under one loan. Normandy can advance up to 75% of the purchase price toward acquisition, with renovation funds disbursed in draws as work progresses.
Q: Can I be my own contractor for a remodel loan in Florida?
A: Yes. Normandy allows borrowers to act as their own GC under the renovation loan program in Florida. No site supervisor is required. You may also hire a qualified builder. Confirm your project qualifies before applying.