Question 1

How long does construction loan approval take in Atwater?

Accepted Answer

Expect 45-60 days from application to funding. That includes plan review, contractor verification, and permit confirmation with the city.

Question 2

Can I act as my own general contractor?

Accepted Answer

Some lenders allow owner-builders with construction experience and proper licensing. Most require a licensed general contractor to protect their collateral.

Question 3

What happens if construction takes longer than expected?

Accepted Answer

Most construction loans include a 12-month build window with extension options. You pay interest only during construction, then convert to principal and interest.

Question 4

Do I need to own the land before applying?

Accepted Answer

You can finance land purchase and construction together with some lenders. Others require clear land ownership before approving construction funds.

Question 5

How much of my down payment goes in before construction starts?

Accepted Answer

Your full down payment funds at closing. The lender holds it and releases construction draws as work completes and inspections pass.

Construction Loans in Atwater: Build Your Home with Flexible Financing