Construction Loans
Groff is pre-approved as a Builder with several Local and National Banks. We work with our clients to secure a loan to build or buy your new home. Contact our sales team to start the pre-approval process so we can help you find the perfect home.
If you do not quailify for terms below contact us and we will work with you to find the right lender.
FHA One-Time Close Construction to Permanent Loan
Loan Purpose:
Loan Amount:
Minimum Credit Score:
Loan to Value:
Lending Territory:
Loan Term:
Rate:
Borrower Equity Required:
Max Debt-to-Income Ratio:
Highlight:
Construction of owner occupied primary residence; 1-4 unit
Up to county limits for FHA loans
640
Up to 96.5% Loan to Value/Cost
All of Florida
Construction up to 12 months; Permanent loan 30 years
30 year fixed rate, locked up front or floating through construction
Minimum 3.5% down payment
43% *exceptions made on a case-by-case basis
No re-qualifying required; true one-time close
Conventional Construction Loans
Loan Purpose:
Loan Amount:
Minimum Credit Score:
Loan to Value:
Lending Territory:
Loan Term:
Rate:
Borrower Equity Required:
Max Debt-to-Income Ratio:
Highlight:
Construction of owner occupied primary residence; 1-4 unit
Up to county limits for FHA loans
640
Up to 96.5% Loan to Value/Cost
All of Florida
Construction up to 12 months; Permanent loan 30 years
30 year fixed rate, locked up front or floating through construction
Minimum 3.5% down payment
43% *exceptions made on a case-by-case basis
No re-qualifying required; true one-time close
VA One-Tme Close Construction To Permanent Loans
Loan Purpose:
Loan Amount:
Minimum Credit Score:
Loan to Value:
Lending Territory:
Loan Term:
Rate:
Borrower Equity Required:
Max Debt-to-Income Ratio:
Highlight:
Construction of owner occupied primary residence; 1-4 unit
Up to $750,000
640
Up to 100% Loan to Value/Cost *up to $417,000
All of Florida
Construction up to 12 months; Permanent loan 30 years
30 year fixed rate, locked up front or floating through construction
No down payment required
43% *exceptions made on a case-by-case basis
No re-qualifying required; true one-time close