Question 1

Can I be my own general contractor in Gustine?

Accepted Answer

Some lenders allow owner-builder loans, but most require a licensed GC. Options exist — they're just harder to find and carry stricter terms.

Question 2

How does a construction-to-perm loan work?

Accepted Answer

You close once. The loan funds construction in draws, then converts to a standard mortgage when the build is complete.

Question 3

What credit score do I need?

Accepted Answer

Most construction lenders want 680 or higher. Some programs require 700. A lower score will significantly narrow your lender options.

Question 4

Do construction loan rates differ from regular mortgage rates?

Accepted Answer

Yes. Construction loans carry higher rates during the build phase. Rates vary by borrower profile and market conditions.

Question 5

Can I build on agricultural land in Merced County?

Accepted Answer

Possibly, but zoning must allow residential use. Verify with Merced County Planning before submitting a loan application.

Question 6

How long does a construction loan last in Gustine?

Accepted Answer

Most construction phases run 12 months. Extensions are possible but may trigger fees or rate adjustments depending on the lender.

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