Owner-Builder Construction Loans in Florida
Many Florida investors want to build without hiring a general contractor, whether to save money, keep control or because they have the experience to run the job themselves. The problem…
Many Florida investors want to build without hiring a general contractor, whether to save money, keep control or because they have the experience to run the job themselves. The problem is that most banks require a licensed GC. South Florida Quality Mortgage lends to owner-builders on investment and business-purpose construction projects.
What Is an Owner-Builder?
In Florida, an owner-builder is a property owner who acts as their own contractor, pulling permits and managing subcontractors directly. Florida law has specific rules for owner-builders, so check with your local building department about permits and requirements for your project.
How Construction Draws Work
Construction loans don't fund all at once. With our private construction loans:
- Loan funds for the build are held in escrow.
- You complete a phase of work (foundation, framing, roof, etc.) according to an agreed draw schedule.
- An inspector verifies the work is done.
- The draw for that phase is released.
This protects both you and the lender and keeps the project moving.
What You'll Need
- Land (owned or being purchased) and a clear project plan
- Plans, budget and a realistic timeline
- Your own cash in the deal. Lenders want to see skin in the game.
- An LLC or other entity, with a personal guarantee
Projects We Finance
- Single-family spec homes and rentals
- Small multi-family
- Commercial construction and renovations
Recent example: a $200,000 new construction loan for a single-family home in Lehigh Acres, FL.
Important
Our private construction loans are for investment and business-purpose properties only, not for a home you will live in. Loans range from $50K to $1.5M across Florida. See our Construction Loans page for details.
Ready to Talk About Your Deal?
Call South Florida Quality Mortgage at (954) 455-7625 or get pre-qualified online. Same-day response, no obligation and no credit pull to get started.
South Florida Quality Mortgage Corp. | NMLS #376794 | Equal Housing Lender. This article is general information, not a commitment to lend. All loans are subject to credit and property approval, and terms vary by borrower and property.