Question 1

What credit score do I need for a construction loan in Rocklin?

Accepted Answer

Most lenders require 680 or higher. Scores below 700 may still qualify but expect stricter terms.

Question 2

How does a one-time-close construction loan work?

Accepted Answer

You close once before construction starts. The loan converts to a permanent mortgage when the build is complete.

Question 3

Do I need to own the land first to get a construction loan?

Accepted Answer

Not always. Many construction loans roll the land purchase into the total loan amount at closing.

Question 4

How long does a construction loan last in Placer County?

Accepted Answer

Most run 12 months. Complex builds may qualify for extensions, but plan for permit delays upfront.

Question 5

Can I use a construction loan for a major renovation in Rocklin?

Accepted Answer

Yes. Major renovations that require structural work often qualify. Standard remodels typically don't meet the threshold.

Question 6

What happens if my builder misses the completion deadline?

Accepted Answer

Your lender may charge extension fees or adjust your rate. Confirm extension terms before you sign anything.

Construction Loans in Rocklin, CA — Build It Right