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Moraga's real estate market centers on custom builds and substantial renovations. Construction loans let you finance the land and building costs separately, paying interest only during construction.
The county's median household income of $125,727 supports homes across a wide price range. Construction timelines typically run 12 to 24 months from breaking ground to closing.
680
Minimum Credit Score
20-25% of project
Down Payment Range
12-24 months
Construction Timeline
$125,727
County Median Income
Construction Loans in Moraga
Construction loans require a solid credit score, typically 680 or higher. You'll need 20% to 25% down on the total project cost, and lenders review detailed plans and contractor bids.
The county's median household income of $125,727 means most Moraga buyers can support homes in the $600,000 to $900,000 range. Lenders verify income, assets, and the builder's track record before approval.
Local decision guide
Use this guide to connect construction loans eligibility, lender expectations, and local market factors before comparing payment options in Moraga.
Moraga's real estate market centers on custom builds and substantial renovations. Construction loans let you finance the land and building costs separately, paying interest only during construction.
The county's median household income of $125,727 supports homes across a wide price range. Construction timelines typically run 12 to 24 months from breaking ground to closing.
Construction loans require a solid credit score, typically 680 or higher. You'll need 20% to 25% down on the total project cost, and lenders review detailed plans and contractor bids.
Construction lending in California is more selective than purchase mortgages. Lenders want to see experienced builders, detailed budgets, and clear timelines before committing funds.
Most construction loans come from banks and credit unions rather than mortgage brokers. Draws are released as work completes, with inspections at each stage to verify progress.
Construction loans make sense in Moraga when you've found land and have a solid builder lined up. The process takes longer than a standard purchase, but you get exactly the home you want.
If you're buying an existing home, a conventional purchase loan closes faster. Construction loans are worth the extra time only when custom design is your priority.
A construction loan differs from a purchase mortgage in timing and cost structure. You pay interest only during building, then convert to a permanent mortgage when the home is done.
A purchase loan closes in 30 days on an existing home. Construction loans take 12 to 24 months but give you complete control over the final product.
Brentwood is breaking ground on a $155 million East County Service Center, signaling infrastructure investment across the region. That kind of county-level development supports long-term home values for builders in Moraga.
Richmond parks are receiving multi-million dollar upgrades including new soccer fields and modern restrooms. County investment in amenities and services makes the broader area more attractive to new residents.
Most lenders require 680 or higher. Some will go lower with compensating factors like strong income or significant reserves.
Typically 20% to 25% of the total project cost. The exact amount depends on the lender and your financial profile.
You pay interest only during construction. Once the home is complete, the loan converts to a standard mortgage with principal and interest payments.
The loan itself closes in 30 to 45 days. The actual construction phase runs 12 to 24 months depending on the project scope.
Yes. Lenders review the builder's track record, licenses, and references before approving the loan.