Question 1

How much cash do I need to start a construction loan in San Joaquin?

Accepted Answer

Expect 20-25% of total project cost at minimum. This covers land purchase, down payment, and interest reserves during the build phase.

Question 2

What happens if construction runs over budget?

Accepted Answer

You pay overruns out of pocket or halt construction. Lenders fund only the approved loan amount, never additional costs discovered mid-build.

Question 3

Can I act as my own general contractor?

Accepted Answer

Some lenders allow owner-builders with construction experience. You'll need higher credit scores and larger down payments than when using licensed contractors.

Question 4

How long does construction loan approval take in Fresno County?

Accepted Answer

Plan for 45-60 days from application to funding. Local banks move faster than national lenders who don't know area builders or permit processes.

Question 5

What's the difference between construction-only and construction-to-permanent loans?

Accepted Answer

Construction-only requires two closings and two sets of fees. Construction-to-permanent converts automatically, saving $8,000-12,000 in duplicate costs.

Construction Loans in San Joaquin: Finance Your Custom Build in Fresno County