Seasafe Homes uses our Dual-Site Construction method to build elevated homes engineered for Florida’s coast, and they qualify for traditional bank loans as well as private money loans. Below is how financing typically works, the loan options available, and what to expect during draws and inspections. We work with banking partners who know our Dual-Site Construction process inside and out, ensuring draws are smooth and your project stays on track, both onsite and offsite.
Construction-to-Permanent (Single-Close): One loan covers both construction and your mortgage—converting automatically when the home is complete. This means one closing, one set of fees, interest-only during construction, and often the option to lock your rate upfront.
Two-Close: Construction Loan + End Mortgage: A short-term construction loan refinanced into a permanent mortgage after completion. Gives flexibility to shop end-loan rates and terms.
Private Money / Bridge Financing: Asset-based financing with faster underwriting and more flexible draw schedules. Ideal for investors, self-employed borrowers, or timeline-sensitive projects.
Good News: Because Seasafe Homes are built to Florida Building Code, they qualify for traditional mortgage products when structured with a licensed builder’s contract and approved plans. The modular building process is an acceptable building process for traditional bank lending unlike manufactured homes.
Our Dual-Site Construction means onsite foundations and offsite modules are built at the same time so funding needs to match a faster build process. Seasafe coordinates with your lender so draws are timely and your schedule stays on track. It is important to have a lender familiar with the draw schedule since there are two job sites running in parallel, not all banks can lend and meet the needs of the Seasafe draw schedule.
Exact amounts and timing vary by lender, plan, and site conditions.
Secures build slot, orders plan set, engineering, and permit submittals.
Begin module fabrication at Build Center, materials procurement (~17% of total project cost).
Install pilings, grade beams, and concrete footers (~13%).
Pour elevated slab or masonry stem walls per design, coastal reinforcement per FEMA/local code (~10%).
Complete module fabrication, deliver and crane set on foundation, weather-seal and connect (~30%).
Cabinets, countertops, flooring, tile, paint, fixtures, porches, railings, Bahama shutters, siding, exterior paint, MEP finalization (~18%).
Final inspections, punch list complete, CO issued (~12%).
Ground-up construction loans are a type of financing designed for home buyers, investors, or developers building new real estate projects from the ground up. Modular homes can be financed through traditional banks or private money lenders. Here’s how they work:
These loans provide the funds you need to cover the costs of building a new property, whether you’re a builder, investor, or developer.
The lender supports your project from the start to the finish, making sure you get the money you need when you need it.
Once you place a security deposit, our construction timeline will move quickly. Construction draws happen in increments that are pre-planned with the lender. We help coordinate with your lender through the construction process to ensure draws are timely and do not delay progress.
• Builder’s risk & liability during construction, needed in time for home sections/module delivery
• Seasafe will work with surveyors for elevation certificate and local municipalities for FEMA compliance for flood zone
• Seasafe Homes standard of wind design up to 180 mph and coastal detailing for openings/attachments
• Post-CO: flood and homeowners insurance (often with wind-mitigation credits because of the Seasafe engineered features of ground floor, roof, and enclosures)
Yes. Seasafe modular homes are built to Florida Building Code and appraise like site-built homes.
Often 10–20% of total project costs; land equity can reduce cash to close. This will also depend on traditional banking or private money lender.
Yes. Private or bridge lenders offer fast approvals and flexible draws. Private money loans have higher interest rates but are known to be much faster for closing and accept lot value as collateral for the loan. Given the short build cycle, this is an intriguing option for clients.
Yes. Appraisers use plans, specs, and comparable sales for similar coastal homes.
Ready to start? We’ll connect you with lenders who understand modular and coastal construction, so your financing is as strong as your new home.
We look forward to hearing from you. Contact us for more information about working together.
