Financing — Citrus Glen Homes

Three Ways to Finance

Every buyer's situation is different. DTC works with lenders experienced in all three of these approaches.

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Conventional Mortgage

The most common path. Works exactly like buying any home — you get a standard 30-year fixed or ARM mortgage once the home is complete and titled to the land.

✓ Down payments from 3% (Fannie/Freddie) or 3.5% (FHA)
✓ VA loans available for veterans — 0% down
✓ USDA Rural eligible in most service counties
✓ 30-year fixed rates available

Start Pre-Approval

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Construction Loan

Ideal if you own your land or are buying land and home together. A construction-to-permanent loan funds the build in draws, then converts to a regular mortgage at completion.

✓ Land equity can serve as down payment
✓ Single-close option eliminates two closings
✓ Interest-only during build phase
✓ DTC provides builder draw documentation

Start Pre-Approval

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Land + Home Package

Bundle a DTC lot purchase and your home construction into a single loan. Simplifies paperwork and often reduces closing costs by combining two transactions.

✓ One application, one closing
✓ No separate lot loan required
✓ Available on all DTC-owned parcels
✓ Lower total transaction fees

Get a Package Quote

Calculate Your Monthly Payment

Adjust the sliders to see how different prices, down payments, and rates affect your monthly cost.

Mortgage Payment Calculator

Home Price ($)

Citrus Glen homes from $135k–$220k

Down Payment (%)

Min 3.5% (FHA), 0% (VA/USDA)

Interest Rate (%)

Check today's rates with your lender

Property Taxes ($/mo)

Avg. $150–300/mo in our counties

Homeowners Insurance ($/mo)

Avg. $80–150/mo in Florida

$1,214

estimated total monthly payment

P&I $914/mo Loan $162,000 Down $18,000

Get Pre-Approved Now

*Estimate only. Term: 30 years. Does not include PMI (if applicable) or HOA fees. Consult a licensed Florida lender for exact quotes.

The Pre-Approval Process

Getting pre-approved is faster than you think — most applicants have an answer within 48 hours.

Submit Application

Fill out a standard mortgage application with your lender. We can connect you with Florida lenders experienced in modular home financing.

Document Review

Provide W-2s, tax returns (2 years), bank statements, and ID. Lenders verify income, assets, and employment status.

Credit Check

Lender runs a hard pull on your credit. FHA requires 580+ score. Conventional typically needs 620+. VA has no minimum.

Pre-Approval Letter

Receive your pre-approval letter stating the maximum loan amount. Valid for 60–90 days. Share with your DTC coordinator to proceed.

Financing FAQs

Yes. Citrus Glen homes are built to Florida state building codes and permanently affixed to their foundations. They qualify for Fannie Mae, Freddie Mac, FHA, VA, and USDA loan programs exactly like a site-built home — because legally, they are the same. This is different from manufactured homes (HUD code), which have more restricted financing options.

FHA loans require a minimum 580 credit score (with 3.5% down) or 500–579 (with 10% down). Conventional loans typically require 620+. VA loans have no official minimum, though most lenders prefer 580+. USDA loans generally require 640+. If your score is below these thresholds, our coordinators can suggest credit repair pathways — many clients improve their score enough to qualify within 3–6 months.

Yes, in many cases. If you own your land free and clear or have significant equity in it, a construction-to-permanent lender can often use that equity as your down payment contribution. The land must be appraised, and the lender will look at comparable land sales. This is one of the most powerful paths for families who already own rural property in Central Florida.

Closing costs typically run 2–4% of the loan amount in Florida. On a $180,000 loan, expect $3,600–$7,200 at closing in addition to your down payment. These cover title insurance, origination fees, appraisal, and county recording fees. Some DTC lot+home packages include seller concessions that can offset closing costs — ask your coordinator about current promotions.

No. DTC is a homebuilder and lot program — we are not a lender. We have preferred relationships with Florida-based lenders who specialize in modular home financing and can move quickly. You are always free to use your own lender or bank. Our team will provide whatever documentation your lender needs (builder contracts, specs, cost breakdowns) at no extra charge.

Florida Housing Finance Corporation (Florida Housing) offers down payment and closing cost assistance for first-time buyers and qualifying non-first-time buyers in certain counties. Many of our service counties also offer local HAP (Homebuyer Assistance Programs). USDA Section 502 direct loans can provide 100% financing in rural areas. Ask your DTC coordinator about current programs available in your target county — eligibility and availability change frequently.

Financing Your Home