Build Your Florida Home with Confidence

If you’re ready to build instead of buy, Florida Construction Loans can make it happen. At North Star Mortgage Network, we help homeowners and investors across Florida finance new builds and renovations with clarity, convenience, and competitive rates.

We offer both Conventional Construction Loans and One-Time-Close Construction-to-Permanent Loans, designed to simplify the process and protect your budget. Whether you’re planning a custom home or a modular build, we’ll walk you through every step — from land purchase to permanent financing.

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Conventional Construction Loans

Our Conventional Construction Loans are perfect for borrowers building 1-unit primary residences or 2nd/vacation homes. These loans offer flexibility, high loan-to-value ratios, and competitive terms.

Highlights:

  • Up to 90% LTV with 680 FICO (primary and 2nd homes)

  • Up to 95% LTV with 720 FICO (primary residence)

  • Construction terms: 180, 270, or 360 days

  • Site-built or modular homes only — no manufactured homes

  • No payments during construction (interest only on funds drawn)

  • Turnkey contracts only — builder covers 100% of project

  • Land and soft costs may be included in the loan

  • Interest reserves available to cover payments during construction

This program is a strong choice for buyers who want traditional financing with flexible timelines and simple payment structures.

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FHA, VA, and USDA Construction Loans

We also offer government-backed FHA, VA, and USDA Florida Construction Loans for borrowers who want to build with low or no down payment.

FHA Construction Loans

  • 96.5% LTV

  • Minimum 620 FICO

  • Site-built, manufactured, or modular homes eligible

  • No payments during construction

  • No re-qualification after construction ends

VA Construction Loans

  • 100% LTV

  • Minimum 620 FICO

  • Designed for eligible veterans, service members, and surviving spouses

  • First payment starts after construction completion

USDA Construction Loans

  • 100% LTV

  • Minimum 650 FICO

  • Rural and suburban areas only

  • Double-wide homes eligible (no single-wide)

All programs allow land acquisition and soft costs to be included in the loan, making them ideal for Florida families who want to build affordably.
Learn more about government loan guidelines at HUD.gov, VA.gov, and USDA Rural Development.

(Image Alt Tag: “Veteran and builder reviewing Florida FHA and VA Construction Loan options”)

One-Time-Close Construction-to-Permanent Loans

The One-Time-Close Construction-to-Permanent Loan combines your construction financing and permanent mortgage into a single, seamless process. You’ll apply once, close once, and lock in your rate before construction begins.

Benefits:

  • One closing — one set of fees

  • Interest-rate protection during construction

  • No re-qualification after completion

  • Smooth conversion to permanent loan

This loan helps you avoid the costs and stress of two separate closings while securing your long-term financing up front.

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Fannie Mae HomeStyle® Renovation Loans

If you’re improving or expanding an existing property, the HomeStyle® Renovation Loan lets you finance both the purchase and renovation in one simple loan.

Key Features:

  • Up to 97% LTV for 1-unit primary residences (680 FICO)

  • Up to 85% LTV for 2-unit primary or investment homes

  • Renovation period: up to 180 days

  • Funds held in escrow and released as work is completed

  • Closing and soft costs may be financed

This loan is ideal for buyers who want to customize their new home or improve an older one while keeping one mortgage payment.
Learn more about this program at FannieMae.com.