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Grass Valley sits in Nevada County foothills with real land inventory. That makes construction lending practical here — not just theoretical.
Build-to-own is a real option in this market. Existing inventory is limited, so building on a lot often beats waiting for the right resale.
680+
Min Credit Score
20-25%
Down Payment
12 months
Typical Build Term
Licensed GC required
Builder Requirement
6-12 months
Reserves Preferred
Construction Loans in Grass Valley
Most lenders want a 680+ credit score for construction loans. Some go lower, but expect tighter terms and higher reserves.
You'll need 20-25% down in most cases. Lenders treat construction as higher risk — your equity in the land can count toward that.
Local decision guide
Use this guide to connect construction loans eligibility, lender expectations, and local market factors before comparing payment options in Grass Valley.
Grass Valley sits in Nevada County foothills with real land inventory. That makes construction lending practical here — not just theoretical.
Build-to-own is a real option in this market. Existing inventory is limited, so building on a lot often beats waiting for the right resale.
Most lenders want a 680+ credit score for construction loans. Some go lower, but expect tighter terms and higher reserves.
Most retail banks offer construction loans but with strict builder approval lists. Wholesale lenders give us more flexibility on that.
We work with 200+ wholesale lenders. That means more builder options and programs than a single bank can offer.
Construction loans have two phases: the build period and the permanent loan. A one-time-close rolls both into one closing — saves money and stress.
Two-time-close gives more flexibility on your permanent rate. We look at both options and pick what fits your timeline and risk tolerance.
Bridge loans work if you own land and need short-term funds fast. Construction loans are structured for longer build timelines.
Hard money is faster to close but expensive. Use it as a last resort — not a first call when you have time to qualify conventionally.
Nevada County has specific septic, well, and fire safety requirements. These add time and cost to your build — budget for them early.
Wildfire zone designations affect insurance and lender appetite. Confirm your parcel's fire hazard severity zone before you go under contract.
Yes. Most lenders apply your land equity toward the required down payment. Get the land appraised before you apply.
Funds release in stages as construction milestones are completed. Your lender sends an inspector before each draw is approved.
It combines the construction loan and permanent mortgage into one closing. You avoid a second round of closing costs and paperwork.
Yes — virtually all lenders require a licensed, insured GC with a verifiable track record. Owner-builder programs exist but are rare.
Most loans allow 12 months to build. Nevada County permitting can be slow, so ask your lender about extension options upfront.
Cost overruns don't trigger more loan funds automatically. You'll cover the gap out of pocket — always hold a 10-15% contingency reserve.