Question 1

Can I get a construction loan for a rural Bishop lot?

Accepted Answer

Yes, but lender options narrow in rural Inyo County. You need a lender comfortable with remote California land and limited comparable sales.

Question 2

What does a construction-to-permanent loan mean?

Accepted Answer

It's one loan that finances your build, then converts to a standard mortgage at completion. You close once and avoid duplicate fees.

Question 3

How long do construction loans typically last?

Accepted Answer

Most run 12 months. Bishop's winter weather can slow builds, so ask your lender upfront about extension policies.

Question 4

Do I need my contractor chosen before applying?

Accepted Answer

Yes. Lenders require a licensed general contractor and approved plans before approving a construction loan. Vet your GC early.

Question 5

What credit score do I need for a construction loan in Bishop?

Accepted Answer

Most lenders require 680 minimum. Some push to 700 for rural builds. Rates vary by borrower profile and market conditions.

Question 6

How are construction loan funds released?

Accepted Answer

In draws tied to completed milestones. An inspector verifies work before each release. Delays in inspections delay your funds.

Construction Loans in Bishop, CA — Build Where Others Won't