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La Habra sits at the edge of Orange and LA counties. Lot availability here makes ground-up builds more realistic than in many OC cities.
Construction loans let you finance the build, then convert to a permanent mortgage at completion. One project, two loan phases.
680+
Min Credit Score
20–25%
Typical Down Payment
6–12 months
Build Period
Licensed & Insured
Contractor Required
Variable during build
Rate Type
Construction Loans in La Habra
Lenders treat construction loans as higher risk. Expect a minimum 680 credit score from most lenders, with better terms above 720.
Down payments typically run 20-25%. You need strong reserves too — lenders want proof you can weather delays.
Local decision guide
Use this guide to connect construction loans eligibility, lender expectations, and local market factors before comparing payment options in La Habra.
La Habra sits at the edge of Orange and LA counties. Lot availability here makes ground-up builds more realistic than in many OC cities.
Construction loans let you finance the build, then convert to a permanent mortgage at completion. One project, two loan phases.
Lenders treat construction loans as higher risk. Expect a minimum 680 credit score from most lenders, with better terms above 720.
Most retail banks offer construction loans but with tight overlays and slow draw processes. Wholesale lenders give us more flexibility on terms.
We work with 200+ wholesale lenders at SRK CAPITAL. That means real options — not just whatever one bank happens to offer this quarter.
The draw schedule is where deals go sideways. Pick a lender whose inspector turnaround matches your contractor's pace.
Get your plans approved before applying. Lenders want permitted plans and a signed contractor agreement on day one.
A bridge loan funds a gap. A hard money loan closes fast but costs more. Construction loans are purpose-built for ground-up projects.
Conventional loans work post-completion. If you need funds during the build, construction financing is the right tool.
La Habra's building department has its own permit timeline. Factor 60-90 days for plan check before breaking ground.
The city borders Whittier and Brea. Comparable new construction in those markets helps appraisers value your finished home.
You draw funds in stages as the build progresses. At completion, the loan converts to a standard mortgage.
Yes — but only on drawn funds. Payments are lower early in the project and rise as more is disbursed.
Most lenders say no. They require a licensed, insured GC with a verifiable track record.
Most lenders want 680 minimum. Rates vary by borrower profile and market conditions.
Typically 6-12 months. Extensions are possible but may trigger fees or rate adjustments.
Yes. Existing lot equity can often count toward your down payment requirement.