Sarasota New Construction Loans from Pathway Mortgage

If you can dream it, we can help you build it.

Congratulations! You're ready to build a new home!

Pathway Mortgage is here to help you build your dream home home every step of the way by offering Sarasota New Construction Loans. Customize your home and pick the right new construction loan to meet your financial needs. Lowest New Construction interest rates in Sarasota with 30 year fixed, 20 year fixed, and 15 year fixed interest rate mortgage loans. Pathway Mortgage Sarasota new construction offers a list of highly qualified Sarasota Contractors, flexible draw payments and much more.

New Construction Loans with less Hassle!

Key Features

– Close on the loan & start building in 30 - 45 Days
– Loan 100% in place prior to construction
– Lock your fixed rate today for entire life of the loan
– Options available for as little as $0 down payment
– Buy land & build under one new construction loan
– Options available for no mortgage payments or interest during the construction process
– 9, 10, 12, and 15 month construction periods available
–  Interest only payment option available (during the construction process)
– Investor options available – build now and sell when completed

Pathway Mortgage One Time Close New Construction Home Loans

Pathway Mortgage in Sarasota Florida now allows you to build the home of your dreams instead of settling for what's available. Pathway Mortgage offers new construction loans throughout the states of Florida, Tennessee, Kentucky, Indiana, and South Carolina.

This One Time Close (OTC) Construction loan allows borrowers to combine financing for a lot purchase, construction and permanent mortgage into one first mortgage loan. For clients who are purchasing new construction.

10 Things You need to Know about New Construction Loans at Pathway Mortgage Sarasota

  1. Designed to simplify the financing process for home buyers, by eliminating the need to obtain both a permanent mortgage and construction loan
  2. One single closing, where clients pay interim construction financing on an interest only basis during the building phase
  3. Close on the loan before the building begins
  4. As Low 96.5% Financing or 3.5% Down Payment
  5. Veterans or Rural Housing (USDA) clients can use the program with $0 Down Payment
  6. Closing costs may be financed
  7. 15-, 20-, 30-year fixed rate available
  8. Only have to qualify one time, so you don't have to go through underwriting once the new construction phase begins
  9. A single closing reduces closing costs, saving your borrowers money
  10. Can be used to purchase a Lot or Land for - total cost of lot or land cannot exceed $75,000

For Builders & Investors

Build spec Homes to Sell, Finance Homes for Clients, or Develop Rental Properties

Programs that offer amazing Options and Flexibility

-95% of applications approved
-Receive Same Day Draws
-Low Interest Rates & Interest Only Financing Available
-Renovate or Build from the Ground Up
– Only pay on what you borrower
-Both new construction and lines of credit available

Whether you build 1 or 1 or a 100 projects a year, use the resources at Pathway Mortgage for new construction financing. SPEC construction loans (and loans for pre-sold homes) are available in Sarasota and several other areas such as: the entire state of Florida, Kentucky, Tennessee, Indiana, and South Carolina.

Property that are Eligible:
Single family homes, townhouses, duplexes, triplex, quads, and 5+ unit multifamily residential.

Spec Builder New Construction Loan Details

0.0% pay rate (no monthly payments)

    • Limited recourse available
    • FLEXIBLE: if building "for-sale" or "for-rent" residential and need something, just ask

Loan to Value

Up to 90% LTC PLUS upfront fees and interest

    • 100% LTC possible with land subordination or with Line of Credit
    • TRANSPARENT: online estimator

Reliability & Service

    • We work with "direct lenders."
    • Lender uses their own money to instantly fund
    • Our focus is squarely on SPEC and RENTAL homes
    • Dedicated project loan representative
    • Upfront approval within 3 business Day's

Spec Builder Lines of Credit

Pathway Mortgage in Sarasota Florida offers pro-builder lines of credit, SPEC builder lines of credit, guidance line, and master revolver credit lines.

This is for professional builders who want to optimize their production by locking their rate and terms for 5 years. For new construction and major renovation projects valued from $100,000 to $8,000,000+.

SPEC builder line of credit is the #1 way for contractors, developers, and builders to fund SPEC ground up construction and rehabilitations / renovation projects. These resources are Used for a broad array of residential real estate, projects: including houses, duplexes, triplex, quads, and 5+ unit multifamily residential buildings.

This product can FUND: Up to 100% LOAN TO CONSTRUCTION COST. We HELP fund the lesser of 100% of eligible costs and a maximum LOAN TO VALUE.


Same Day Draws possible. Ask us about not having to pay interest monthly - and no interest-on-interest. No limit on how much of the line can be used for SPEC - there are no pre-sale requirements No prepayment penalties, No required reserve accounts. Revolving so can borrow and re-borrow funds as they are needed.

A SPEC builder line of credit is ideal for professionals looking for a long term solution. Work with Pathway Mortgage Sarasota for an easy and convenient way to borrow capital to finance your residential real estate projects.

Who is Eligible for the New Construction One Time Close Loan?

  • Clients that are using a licensed contractor or builder
  • Borrower must either already own or purchasing the lot or land at closing
  • At closing, after funds are disbursed to cover the purchase of the land, the balance of the mortgage proceeds must be placed in an escrow account to be disbursed as construction progresses
  • Amortization of the permanent mortgage must begin no later than the first of the month following 60 days from the date of the final inspection or issuance of the Certificate of Occupancy

Programs Available

  • VA
  • FHA
  • USDA
  • Conventional New Construction Loans

Property Eligibility

  • Single Family Homes
  • Site Built Homes
  • Manufactured Homes
  • Modular Homes