One-Time Close Construction Loans

A one-time close construction loan lets you build a custom home in Florida using a single loan that covers both the construction phase and the permanent mortgage. Instead of taking out a short-term construction loan and refinancing later, you close once and the loan converts to a standard mortgage when the home is finished. It suits homeowners building on their own lot, buyers with a purchased parcel, and anyone who wants one application, one set of closing costs, and no second qualification.

You apply once and are underwritten upfront for the full project. Lenders typically review your credit, income, assets, the builder's qualifications, plans, budget, and a licensed appraisal of the completed home. During construction, funds release in stages, or draws, as milestones are inspected and completed rather than all at once. The builder and general contractor are vetted and approved before work begins. When construction wraps, the loan automatically converts to your permanent mortgage without a second closing.

Swiftlend is a licensed Florida mortgage broker (NMLS #402985) based in Miami, and we arrange construction financing through our lender partners across the state, from single lots to larger custom builds. We help you compare programs, prepare builder documentation, and structure draws so the process stays predictable. Whether you are building near Miami, along the coast, or inland, we match your project to the right lender. Call (305) 985-4889 or start online to get pre-approved and see what your build can qualify for.