Hi Jeanne, New home construction has many approaches for financing. New construction in The Villages is traditionally financed with Citizens First Mortgage. The Villages has a great fifnancing program set up and someone there can walk you through it. If you building out of The Villages just check with the area banks for a new construction loan. Once your loan has been approved the bank will OK "draws". The amount of the draw is based on the submitted paid receipts from the builder. Most of the time the banker sends out an inspector to verify the receipted work is done, once approved a check is issued to the builder or building company. As far as your involvement, it normally stops once loan approval is given. The final closing on your new home will be once an "occupancy permit" is issued from the county. Your payments begin after the final closing. Be aware there are many loan options available including one that requires monthly interest only payments on the total amount of "draws" given. If it is available to you a VA loan and FHA loans can also be used to construct home. Just a few more details and possibly a few more fees. Hope this is not to confusing. Good luck with your "maybe" new construction.