Question 1

How does a construction loan work in Westmorland?

Accepted Answer

You draw funds in stages as the build progresses. At completion, the loan converts to a standard mortgage.

Question 2

Do I need to own land before applying?

Accepted Answer

Not always. Some lenders roll land acquisition into the construction loan. Others require you to own it free and clear first.

Question 3

What credit score do I need for a construction loan?

Accepted Answer

Most lenders require 680 or higher. Scores below that narrow your options significantly and raise your rate.

Question 4

Can I be my own general contractor?

Accepted Answer

Rarely. Most construction lenders require a licensed third-party builder. Owner-builder programs exist but are uncommon.

Question 5

How long does a construction loan last in Imperial County?

Accepted Answer

Typically 12 months. Extensions are possible but cost money. Build timeline delays are common in desert climates.

Question 6

What is a one-time close construction loan?

Accepted Answer

It combines the construction phase and permanent mortgage into one closing. You avoid duplicate closing costs and lock your rate early.

Construction Loans in Westmorland, CA — Build From the Ground Up