One-Time Close Construction Loans in Florida: Build Smart, Close Once

Thinking about building your dream home in Florida? From sandy coastlines to quiet country lots, the options are endless—but finding a home that checks every box? Not so easy.

That’s where a One-Time Close Construction Loan comes in.

What Is a One-Time Close Construction Loan?

A One-Time Close Construction Loan, also called a construction-to-permanent loan, lets you bundle your construction financing and long-term mortgage into a single loan, with just one closing.

That means:

✅ One application

✅ One approval process

✅ One set of closing costs

✅ One interest rate, locked in up front

It’s a streamlined, no-surprises way to build in Florida’s hot market.

How One-Time Close Construction Loans Work In Florida:

1. You apply before construction starts

2. Once approved, the loan covers the cost of acquisition and building—disbursed in stages as construction progresses

3. When your home is complete, the loan automatically converts into a standard mortgage (no need to requalify!)

   
   

This is ideal for buyers looking to avoid the hassle and potential rate jumps of doing two separate loans.

Why It’s a Great Option in Florida

Florida’s market is unique—tight inventory, rapidly rising prices, and local building codes that vary by county. A one-time close loan offers a major advantage by:

• Locking in your interest rate before construction starts (no surprises!)

• Giving you confidence in your budget

• Avoiding delays or extra costs that can come with two separate closings

Plus, some Florida counties have impact fees or storm-proofing requirements—working with a local lender like Shupe Lending Group ensures you're prepared from the start.

What You’ll Need

To qualify, you typically need:

• A credit score of 660+

• 3.5-5% down payment

• A licensed Florida builder

• Full construction plans and specs

• Appraisal based on the “future value” of the home

We help clients gather all these pieces and make sure everything lines up with Florida’s specific guidelines.

✅ Pros of a One-Time Close Loan:

• One closing = fewer fees

• Locked-in interest rate

• No requalification at completion

• Simpler builder process

⚠️ Cons to Watch For:

• Harder to change plans mid-build

• Not every builder is approved

• More upfront paperwork

Ready to Build It Right?

Whether you’re building on your own lot or with a Florida builder, a one-time close construction loan can make the entire process so much easier.

Contact Shupe Lending Group to learn how we can help finance your custom build—without the extra stress.

Contact Us

Jonathan Shupe Branch Manager

Jonathan Shupe NMLS ID# 1649211 is Manager of Shupe Lending Group NMLS ID# 2478065. Jonathan Shupe and his team of loan officers are licensed in multiple states. Many of the borrowers of Shupe Lending Group are individuals who did not qualify at other lenders due to those lenders overlays on government and conventional loans. We have a reputation of being able to work with over 270 different lenders to be able to offer out clients dozens of non-QM and alternative financing loan programs. Any non-QM mortgage loan program available in the market will be offered by our team at Shupe Lending Group. Our team is available 7 days a week, evenings, weekends, and holidays.