Construction and Land Loans

Construction Site

Construction and Land Loans

one loan. one closing cost.

Construction-to-permanent financing are one-time loans that fund construction and then convert into a permanent mortgage. 

  • Fixed rate and variable rate mortgage loan options 
  • One-time closing, saving you in closing cost
  • Up to 100% financing on primary residences
  • Permanent rate is locked before construction starts
  • Loan is an interest-only loan during the construction phase 
  • No upfront application fee
  • Land owned can be used to cover down payment and other costs
  • Manufactured home and land, including single wide options

Why Select FCU for Your Construction Loan?

  • Fast pre-approval decisions, local, online, or by phone
  • Guidance through the application process to help you make informed decisions
  • Hands-on, local loan specialists always available to you by phone
  • We make payments to your builder at agreed-upon key points throughout the process
  • No waiting period for bankruptcy, foreclosures, and short sales

Get Started Today

Start your Pre-Approval

Complete an application online to get started

Apply for a Mortgage
Call 352-264-2649

Get connected with one of our mortgage experts

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Mortgage Calculators


Home Mortgage Disclosure Act Notice

The HMDA data about our residential mortgage lending is available online for review. The data shows geographic distribution of loans and applications; ethnicity, race, sex, age and income of applicants and borrowers; and information about loan approvals and denials. This data is available online at the Consumer Financial Protection Bureau’s Website ( HMDA data for many other financial institutions is also available at this Website.

Subject to credit approval. Monthly payment example for a 30-year fixed interest with no points and an estimates $4,000 closing cost: The payment on a $100,000 loan would be $606.92 per month at an interest rate of 6.75% and a 7.138% APR with a 360 month term.

The calculators found on this page are for information purposes only. While the results of the calculators may be generally accurate, the results do not reflect any specific credit union accounts, loans or other products or services and may not exactly match the calculation methods used by the credit union (or any third party) for accounts, loans or other products or services. These calculators should be used only for general informational purposes and should not be relied on for any specific transaction.