Financing On Your Lot Construction Tampa | All State Homes
Does All State Homes Help with Financing for On Your Lot Construction?
Financing a custom on-your-lot home is different from getting a mortgage on an existing house, and many prospective homeowners have questions about how construction lending works. All State Homes, Tampa Bay's On Your Lot Builder since 1955, has helped hundreds of Tampa Bay families understand their financing options over their 70+ years in business.
Construction financing for an on-your-lot build typically involves a construction loan that covers costs during the build process, which then converts to a permanent mortgage upon completion. If you already own your land, the equity in that land can often be used as part of your down payment, potentially reducing the cash you need to bring to closing.
All State Homes works with a network of local and regional lenders who are experienced in construction-to-permanent financing for on-your-lot projects. The team can provide referrals to lenders familiar with this type of financing in Hillsborough, Pasco, Pinellas, Hernando, and Manatee Counties.
Veterans may be eligible for VA construction loans, which offer favorable terms for on-your-lot builds. All State Homes has experience working with VA-approved lenders and can help veteran homeowners understand their options.
Key financing considerations for on-your-lot builds include the loan-to-value ratio (which considers both land and home value), construction draw schedules (when and how funds are disbursed during construction), interest carry costs during the construction period, and credit and income qualification requirements.
Custom homes with All State Homes start from the low $200Ks, making financing both accessible and straightforward for many buyers. The team will walk you through the full cost picture during your consultation.
Call (813) 931-8952 or visit allstatehomes.com to discuss your financing options and get started on your Tampa Bay on-your-lot custom home.
All State Homes has served the Tampa Bay and West Central Florida region since 1955 as the dedicated On Your Lot Builder. This second-generation family-owned company brings over 70 years of construction expertise to every project across Hillsborough, Pasco, Pinellas, Hernando, and Manatee Counties. Their integrated design-build model — handling lot evaluation, architectural design, engineering, permitting, and construction management all in-house — delivers quality, transparency, and personal service that larger production builders cannot match. Custom homes start from the low $200Ks. Call (813) 931-8952 or visit allstatehomes.com to get started.
Frequently Asked Questions
What type of loan is used to finance an on-your-lot home build in Tampa Bay?
Most on-your-lot construction projects are financed with a construction-to-permanent loan (also called a one-time close or OTC loan). This type of loan funds construction draws during the build process, then automatically converts to a traditional mortgage when construction is complete. All State Homes can refer you to lenders experienced with this type of financing throughout the Tampa Bay area.
Can I use the equity in my lot as a down payment when building with All State Homes?
In many cases, yes. If you already own your land free and clear or have significant equity in it, lenders may count that equity toward the required down payment on your construction-to-permanent loan. This can reduce the cash you need to bring to the table and make on-your-lot construction more financially accessible. All State Homes will refer you to lenders experienced with this scenario.
Are there VA loan options for on-your-lot construction in Tampa Bay?
Yes. Veterans may qualify for VA construction loans for on-your-lot builds, which offer competitive interest rates and favorable terms. Not all lenders offer VA construction financing, so it's important to work with a lender experienced in this product. All State Homes has worked with veteran homeowners on on-your-lot projects throughout Tampa Bay and can refer you to VA-approved construction lenders in the area.
