Construction Loans in Deerfield Beach, FL

New construction financing works on a schedule tied to the build itself. Instead of handing over the full loan at closing, the lender releases money in draws after each phase passes inspection. Whether you are building a custom home in Deerfield Beach or working with a production builder elsewhere in Florida, this guide covers loan types, builder approval, permits and the paperwork that keeps a project moving.

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New home building around Deerfield Beach

4,289,251Single-family units permitted (2025)

712Single-family units permitted in Broward County (2025)

4%Homes built 2010 or later

$309,600Median home value

Deerfield Beach issued permits for 4,289,251 new single-family housing units in 2025, and Broward County as a whole permitted 712. About 4% of the homes in Deerfield Beach were built in 2010 or later.

One closing or two: choosing a loan structure

The first decision is whether you want the build financing and your eventual mortgage bundled together. A single-close construction-to-permanent loan locks in the structure up front, which simplifies the process and limits paperwork once the house is done.

The two-close approach separates the short-term construction loan from the permanent mortgage. Some borrowers prefer it because it lets them requalify and compare offers after construction ends. Others find the second underwriting review and duplicated closing costs less appealing. Ask a lender to explain how each option handles changes in your finances, cost overruns and delays, since those situations are common on custom builds.

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Prefer to talk first? Call (888) 912-6746. Applying is not a loan approval or commitment to lend; programs vary by borrower, property and investor. ClearPoint Mortgage Advisors, NMLS #173855. Properties in FL, NY, NJ, PA, CT and VA only.

How draws, inspections and the builder fit together

Money moves only after work is verified. The lender holds the loan funds and pays them out according to a schedule written into your loan documents. An inspector visits at each milestone and reports what has been completed, and the draw is sized to match.

This protects you as well as the lender. You are less likely to pay for work that has not been done, and the builder has a clear path to getting paid. Because the builder plays such a central role, expect the lender to check licensing, insurance and track record. Change orders that add cost mid-build usually need lender sign-off and may require you to cover the difference.

Who this tends to fit

You are a veteran exploring VA construction financing for a new primary residence
You are working with a licensed builder who has a signed contract and detailed plans
You prefer a single closing that covers construction and the permanent mortgage
You want to build a modular or factory-built home that is set on a permanent foundation
You are interested in an FHA one-time close loan for new construction

Local offices and Florida rules to know

Deed and mortgage recording: Broward County Records Division. Your mortgage is recorded here after closing.

Florida recording costs: Documentary stamp tax on deeds and other documents that transfer an interest in Florida real property; documentary stamp tax on notes and recorded mortgages (written obligations to pay money); and nonrecurring intangible tax on mortgages - collected by the county clerk when the document is recorded. Your Loan Estimate lists the taxes that apply to your loan.

Land, plans and permits for building in Deerfield Beach

If you already own your lot, its value or equity may count toward your contribution, depending on the program. If you are buying land as part of the project, some loans can fold the purchase into the construction financing. Either way, the lender will want to see a survey, title work and confirmation that utilities and road access are available.

Plans and specifications support the appraisal, which values the home as it will be when finished. Local building permits, zoning approval and any septic or well permits must be in place before work begins. Gathering these early prevents delays that can push back your closing.

Before you call

Income, asset and credit documents for every borrower, plus a plan for cost overruns
Complete plans, specifications and a line-item construction budget
A signed construction contract with your builder
Proof of land ownership, a purchase contract for the lot or a payoff statement for any land loan
A proposed draw schedule tied to construction phases

Questions Deerfield Beach borrowers ask about construction loans

What is the difference between construction-to-permanent and construction-only loans?

A construction-to-permanent loan finances the build and then converts to a long-term mortgage after completion, all under a single closing. A construction-only loan covers just the build period and must be paid off when the home is finished, usually with a separate mortgage and a second closing. The one-close option offers simplicity, while the two-close option allows you to shop the permanent loan later.

Can I use land I already own toward the loan?

Often, yes. If you own your lot free and clear, the equity in the land may count toward what you contribute to the project, depending on the program and lender. If you still owe on the land, the existing loan is usually paid off as part of the construction financing. The lender will want documentation of ownership, a survey and title work showing the land is suitable for building.

How is a home that does not exist yet appraised?

The appraiser estimates the value of the home as it will be once construction is complete, using your plans, specifications, budget and recent sales of comparable new homes. This is often called an as-completed or subject-to-completion appraisal. Detailed, accurate plans help produce a reliable value. If the appraised value comes in lower than expected, you may need to adjust the plans or contribute more funds.

Are there VA or FHA construction loan options?

Yes. Eligible veterans and service members may be able to use a VA construction loan, which requires a Certificate of Eligibility and typically a builder who is registered with VA. FHA also offers a one-time close construction loan for eligible borrowers building a primary residence. Not every lender offers these programs, and requirements vary, so ask whether they are available for your build.

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Get answers about construction loans for a home in or around Deerfield Beach. Subject to credit approval; programs vary.