Question 1

Can I act as my own general contractor in Angels Camp?

Accepted Answer

Some lenders allow owner-builder arrangements, but most require a licensed GC. Options are limited — expect fewer lenders and tighter scrutiny.

Question 2

How do construction draws work?

Accepted Answer

The lender releases funds in stages tied to completed work. An inspector confirms each phase before the next draw is approved.

Question 3

Do I pay the full loan amount during construction?

Accepted Answer

No. You pay interest only on the drawn balance. Full principal payments start after the loan converts to permanent financing.

Question 4

What if my build runs over the 12-month term?

Accepted Answer

Some lenders offer extensions, but expect a fee and possible rate adjustment. Build delays are the top reason construction loans go sideways.

Question 5

Does wildfire risk in Calaveras County affect my loan?

Accepted Answer

Yes. Fire hazard designation can limit lenders and raise insurance costs. Confirm insurability before you finalize plans or purchase land.

Question 6

Can I use a construction loan for a major renovation in Angels Camp?

Accepted Answer

Yes, renovation construction loans exist. They work differently than new builds — the draw schedule ties to rehab milestones, not foundation stages.

Construction Loans in Angels Camp, CA