Florida Construction Loan Programs

As a prospective Florida homeowner, the building of a custom home using a Florida construction loan program is a very rewarding and exciting time in your life. To help you achieve your goals as a home buyer, Hallmark Mortgage Services can offer you a wide selection of construction loan programs designed to help turn your dreams into reality.

The construction to permanent loan process is really very similar to that which you'd experience with a traditional home finance program. Much of the documentation and requirements you'd find with a traditional loan remain in effect for a home construction loan. As a Florida construction loan client, you have several advantages in you are building a custom home, and if you're already homeowner selling your existing home, you can use a bridge loan to pave the way for construction of your new home while awaiting the sale of your present home.

A construction loan is two loan in one. The first part of a construction loan occurs during the building process of your new Florida home. Through this process, your builder receives draws based upon where they are in the building stages of your new home. When construction is completed on your new home, your permanent mortgage then goes into effect. At Hallmark Mortgage Services, our construction to permanent loans can feature:

• One Time Closing Option
• Two Part Closing, once during construction, with the final closing upon completion of the consturction of your home
• In some programs, Prepaid Construction Perm Interest Accounts for a Worry Free Construction period
• Fixed rate mortgage options
• Adjustable Rate Mortgage Options
• In some instances, you may be eligible for an Interest Only Mortgage option

Hallmark Mortgage Services is a leading Florida mortgage company working with not one Florida lender, rather, we work with an extremely large pool of lenders all wanting to approve and fund your Florida construction loan. This advantage allows us to offer extremely competitive rates and terms to our many Florida mortgage customers. To find out more, just give our expert loan professionals a call today at 1-866-358-2898 or simply use our quick mortgage application for a free no obligation consultation.