Question 1

How does a construction loan work in Susanville?

Accepted Answer

You borrow funds that release in stages as building progresses. At completion, the loan converts to a standard mortgage.

Question 2

Can I be my own general contractor?

Accepted Answer

Most lenders require a licensed third-party contractor. Owner-builder programs exist but are rare and harder to qualify for.

Question 3

What if my build takes longer than planned?

Accepted Answer

Construction loans have set timelines — usually 12 months. Extensions are possible but may cost fees and require lender approval.

Question 4

Do rural properties in Lassen County qualify?

Accepted Answer

Yes, but rural appraisals are harder. Limited comps can affect the appraised value, which impacts your max loan amount.

Question 5

What's the difference between one-time-close and two-close?

Accepted Answer

One-time-close locks your rate and closes once. Two-close means separate closings — and two sets of closing costs.

Question 6

How much do I need to put down?

Accepted Answer

Expect 20-25% down for most construction loans. Rates vary by borrower profile and market conditions.

Construction Loans in Susanville, CA — Build It Right