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Biggs is a small agricultural community in Butte County. Existing inventory is limited, which makes building new a real option.
Construction loans let you finance the build, then convert to a permanent mortgage at completion. That two-step structure fits Biggs well.
680 typical
Min Credit Score
20–25% conventional
Down Payment
Yes (as of Apr 2026)
USDA Eligible
Build + Permanent
Loan Phase
Interest-only draws
During Build
Construction Loans in Biggs
Most lenders want a 680+ credit score for construction loans. Some go lower, but expect stricter terms below that threshold.
You'll need 20–25% down in most cases. Lenders also require detailed plans, a licensed contractor, and a signed construction contract.
Local decision guide
Use this guide to connect construction loans eligibility, lender expectations, and local market factors before comparing payment options in Biggs.
Biggs is a small agricultural community in Butte County. Existing inventory is limited, which makes building new a real option.
Construction loans let you finance the build, then convert to a permanent mortgage at completion. That two-step structure fits Biggs well.
Most lenders want a 680+ credit score for construction loans. Some go lower, but expect stricter terms below that threshold.
Construction loans are specialty products. Most retail banks offer them, but their terms vary widely — rates, draw schedules, inspection fees.
Wholesale lenders we work with have programs built for rural California builds. Biggs qualifies for USDA construction options with some lenders.
The biggest mistake I see: borrowers locking a lender before finalizing their builder. Lenders approve the contractor too — not just you.
Budget overruns are the second killer. Your lender won't release extra funds mid-build. Get a firm bid before you close.
A bridge loan can work if you own land and need short-term capital. But it won't cover full construction costs the way a dedicated build loan does.
Hard money construction loans close faster but cost more. Rates run significantly higher. Use them only when conventional options fall through.
Biggs sits in a USDA-eligible zone as of April 2026. That means qualified borrowers can build with no down payment through the right lender.
Butte County permitting timelines affect your draw schedule. Factor in local permit delays when building your construction timeline with your lender.
USDA construction loans require no down payment for eligible rural areas. Biggs qualifies as of April 2026, but income limits apply.
Yes — but only on funds drawn so far. Most construction loans are interest-only during the build phase.
Most lenders require 680 or higher for construction loans. USDA programs may allow lower scores with compensating factors.
Once the build passes final inspection, the loan converts to a standard mortgage. You avoid a second closing with most programs.
Most lenders say no. They require a licensed, insured general contractor. Owner-builder programs exist but are hard to find.
Lenders won't release extra funds beyond the approved amount. You'll need cash reserves or a separate contingency plan upfront.