Question 1

How long do construction loans last in Tiburon?

Accepted Answer

Most run 12-18 months. Marin permitting timelines often push borrowers toward 18-month terms from the start.

Question 2

Do I pay the full loan amount upfront?

Accepted Answer

No. Funds are released in draws tied to construction milestones. You pay interest only on what's been drawn.

Question 3

Can I be my own general contractor?

Accepted Answer

Almost never on a Tiburon jumbo construction deal. Lenders require a licensed, insured GC with a verifiable track record.

Question 4

What happens if my build goes over budget?

Accepted Answer

You cover it. Lenders won't increase the loan mid-project. That's why a contingency reserve is non-negotiable at application.

Question 5

How is the construction loan appraised?

Accepted Answer

The appraiser values the completed home, not the current lot. That 'as-completed' value determines your max loan amount.

Question 6

Can I roll land purchase into the construction loan?

Accepted Answer

Yes, many lenders allow it. You'll need the purchase contract and site plans ready at application.

Construction Loans in Tiburon, CA