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Build-to-Rent

FLORIDA ONLY!
One interest rate (with the option to modify down if the market improves), one down payment, one full credit report to order and one approval.

Suburban Family Home

Qualifying Requirements

  • Minimum FICO: 700 (When there are multiple borrowers, the lowest middle credit score of all borrowers will be used to qualify for the loan)

  • Maximum LTV: 80% for 1 unit, 75% for 2-4 units (10% LTV hit on risky/declining markets)

  • Occupancy: Investment

  • Products: 15‑ & 30‑year Fixed, 7/6 & 10/6 ARMs

  • Build Window: Up to 11 months + 1‑month modification

  • Credit Worthiness: For investment properties,  DSCR (Debt Service Coverage Ratio) is used determine creditworthiness

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Contractor approval

  • 3 years experience AND 10 total projects with at least 5 of them being ground up builds.

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One Time Close

Two Loans,
One Closing

100% of Construction

Finance 100% of the construction budget

​Float‑Down Option

If current market + 0.125% is lower, your rate is reduced (one‑time) – never increased.

Construction Phase Payments

Monthly interest‑only on just the funds you have drawn. Undrawn funds do not accrue interest.

Frequently Asked Questions

 What if construction has already started?
A “pre-started” build can be financed on conventional deals if you supply invoices, permits and one of our third party inspectors signs off on the work.

Can we tear down an old house and include the new build?
Yes—conventional loans let you reuse the foundation if it meets code. 

I bought materials myself, can I get reimbursed?
Cash back is not allowed, but the amount counts as equity credit and lowers your cash-to-close.

Can I add a piggyback HELOC?
No, piggyback HELOCs are ineligible with One-Time Close.

How long can I lock my rate?
Up to 90 days from lock to closing/build start.

What happens to unused contingency funds?
Anything left in the 5 % contingency is automatically applied to reduce your principal at modification.

Are modular or prefab homes eligible?
Yes, and they may receive a larger initial draw (20–25 % vs. the standard 10 %) with prior approval.

 

How many draws can the builder request and what do they cost?
We set the schedule by project size (e.g., five draws to $249k, eight to $500k, etc.). A one-time draw fee—$1,450 to $3,480 in most cases—is collected at closing.​

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