Construction loans for primary residence

[Dan Aharon]

Hi folks,

I am looking for a construction loan for what will be our primary residence in greater Miami, FL (we may convert it to an investment property later on down the line but will live in it first) and I'm right now looking at Income Qualifying / W2 loans.

The environment seems pretty tight with many banks no longer doing construction loans, but I've gotten a few good offers for interest rates around 3.5-4.7% with no points and minimal fees. This is a lot better than what I expected, so I'm quite thrilled! But that being said, I am not sure I'll fully qualify (have a lot of assets so the picture is complicated) and so I was hoping that you all might have additional leads I could look into. Not interested in private loans that are 8%+ rates and/or with points at this point (though that would be the backup plan if I can't find any conventional loans). Any ideas?

p.s. in the spirit of helping others that might be looking for similar loans as well, the leading ones I'm talking to right now are Space Coast Credit Union, GTE, Truist, and Federal Savings Bank (Upen Patel from this forum who is really awesome).

Thanks in advance for the help!

Dan