Question 1

Can I use a VA loan to build a home in Lemoore?

Accepted Answer

Yes, VA construction loans exist and are a strong fit near NAS Lemoore. Not all lenders offer them, so you need a broker who knows which ones do.

Question 2

How long does a construction loan term last?

Accepted Answer

Most construction phases run 12 months. After that, the loan converts to a permanent mortgage — or you refinance if you did a two-time close.

Question 3

Do I make payments during construction?

Accepted Answer

Yes, but only on funds drawn so far. Payments are interest-only during the build, which keeps costs lower while the home goes up.

Question 4

Does my builder need lender approval?

Accepted Answer

Yes. Lenders require your contractor to be licensed and insured. Many also review the builder's track record before approving the loan.

Question 5

What happens if construction goes over budget?

Accepted Answer

Cost overruns are your responsibility. Build a contingency buffer into your plan — most experienced lenders recommend at least 10% over your estimate.

Question 6

Can I buy land and build with one loan in Lemoore?

Accepted Answer

Yes. Many construction loans cover both land acquisition and building costs. The land often serves as part of your equity contribution.

Construction Loans in Lemoore, CA — Build What You Can't Buy