Question 1

Can I build on rural land in Wasco with a construction loan?

Accepted Answer

Yes, but lender options narrow on rural parcels. Acreage limits and land-to-value ratios apply — flag your lot details early.

Question 2

How long does a construction loan term last?

Accepted Answer

Most run 12 months. Some lenders allow 18-24 months for complex builds. Extensions are possible but add cost.

Question 3

Do I pay interest during the build?

Accepted Answer

Yes — interest-only payments on drawn funds during construction. Payments rise as each draw is released.

Question 4

What is a one-time close construction loan?

Accepted Answer

One loan covers build and permanent financing. You close once and skip a second round of fees and appraisals.

Question 5

Can I use a construction loan for a major renovation in Wasco?

Accepted Answer

Yes. Renovation construction loans fund major rehab work. The scope must be defined upfront with contractor bids.

Question 6

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

Accepted Answer

Most lenders require 680 or higher. Lower scores may qualify with compensating factors but expect tighter terms.

Construction Loans in Wasco, CA — Build New in Kern County