Question 1

Can I be my own general contractor in Blue Lake?

Accepted Answer

Most lenders don't allow owner-builder loans. You need a licensed GC with verifiable project history to get approved.

Question 2

How long does a construction loan last?

Accepted Answer

Typical construction phase is 12 months. Some lenders extend to 18 months for rural builds with longer permitting timelines.

Question 3

What is a one-time-close construction loan?

Accepted Answer

It combines your construction financing and permanent mortgage into one loan. You close once and avoid a second round of closing costs.

Question 4

Does my land equity count as a down payment?

Accepted Answer

Yes. If you already own the lot, that equity can count toward your required down payment. Lenders will require a current land appraisal.

Question 5

Are construction loans harder to get in rural Humboldt County?

Accepted Answer

Fewer lenders operate here. Working with a broker who accesses wholesale lenders gives you more options than going to a local bank.

Construction Loans in Blue Lake, CA