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Calabasas sits in the western San Fernando Valley foothills. Lot sizes run large, and custom builds are common here.
Building new in Calabasas means financing a project, not just a purchase. Construction loans are built for exactly that.
680+
Min Credit Score
20–25%
Down Payment
12–18 months
Typical Loan Term
Draw-based funding
Loan Structure
Varies by profile
Rate Type
Most lenders want a 680+ credit score for construction loans. Some require 700 or higher for larger projects.
Expect a 20-25% down payment. Lenders see construction as higher risk than a standard purchase.
Not every lender offers construction loans. Most big retail banks have pulled back from this product.
SRK CAPITAL shops across 200+ wholesale lenders. We find the ones still actively funding construction in LA County.
The two main options are construction-to-permanent and stand-alone construction loans. Construction-to-permanent is one loan that rolls into your mortgage at completion — one closing, less hassle.
Stand-alone construction loans close twice. You pay closing costs twice too. Most Calabasas borrowers go construction-to-permanent when they can qualify.
If you own land already, a bridge loan can help you finance the gap before construction funding kicks in. Hard money is faster but expensive — use it only when timing is critical.
Once your home is complete, a conventional or jumbo loan replaces the construction financing. Jumbo is likely in Calabasas given local home values.
LA County permit approvals can take months. Your construction loan timeline must account for that delay or you'll burn through your rate lock.
Calabasas sits near hillside and fire zone designations. Some lenders add overlays or restrict lending in high-risk fire areas — know that before you apply.
You draw funds in stages as construction progresses. At completion, the loan converts to a permanent mortgage.
Most lenders require 680 or higher. Larger loan amounts in Calabasas often push that floor to 700.
Yes, but lenders may require additional site reports. Fire zone designations can also limit which lenders will fund.
Most terms run 12 to 18 months. LA County permit delays can eat into that timeline fast.
Yes. You pay interest only on funds drawn, not the full loan amount. Payments increase as more draws are taken.
Yes. Lenders require a licensed, insured contractor. They review builder credentials before approving the loan.
Construction Loans in Calabasas