Financing

How Financing a Custom Home Works

Financing a new build is a little different from buying an existing home. Instead of one lump sum, a construction loan releases funds in draws as each stage of your home is completed. Once the final inspection is done, the loan converts to a standard mortgage — no second closing, no second set of fees.

Here is how it fits into building with Kent Custom Homes:

1. Get pre-approved. Talk with one of the lenders below (or a bank of your choice) to find out what you can comfortably build. This sets the budget for choosing a plan and lot.

2. Plans and pricing. Once your plan is finalized, we provide a complete cost and features list that your lender uses for the appraisal.

3. Close on your loan. Closing on the construction loan (or placing an additional deposit) allows us to submit for permits and break ground.

4. Draws during construction. Your lender inspects progress and releases funds at each milestone. You typically pay interest only on the amount drawn while we build.

5. Convert to your mortgage. When your home is complete, the loan converts to a permanent mortgage and you move in.

Already own your land? Equity in your lot can often be used toward your down payment. Ask your lender how that works for your situation.

Preferred Lenders

These lenders have financed many Kent Custom Homes projects and understand new-construction loans in Central Florida. You are always welcome to use a bank of your choice.

Helpful Tips Before You Apply

Gather your documents early. Two years of tax returns, recent pay stubs and bank statements are standard for a construction loan.

Hold off on big purchases. New credit accounts or large purchases during the build can affect your approval before the loan converts.

Plan for the lot. If you do not own land yet, take a look at our available lots — lot cost can be rolled into most construction loans.

Ask about timing. Rate locks, appraisal timelines and draw schedules vary by lender; the earlier you ask, the smoother the process.

Have questions? Our FAQ covers the most common ones, and we are always happy to talk it through with you.