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Menifee is one of Riverside County's fastest-growing cities. New subdivisions and custom lots are still available here — unlike most of coastal California.
That makes construction financing relevant in a way it isn't in LA or Orange County. Buildable land exists. The math can work.
680+
Min Credit Score
20–25%
Down Payment
30–60 Days
Approval Timeline
200+
Lenders Shopped
Interest-Only
During Build
Construction Loans in Menifee
Construction loans are harder to qualify for than standard purchase loans. Lenders want a 680+ credit score, strong reserves, and a licensed general contractor.
Expect a 20–25% down payment. The project plans, timeline, and budget all get underwritten — not just your income and credit.
Local decision guide
Use this guide to connect construction loans eligibility, lender expectations, and local market factors before comparing payment options in Menifee.
Menifee is one of Riverside County's fastest-growing cities. New subdivisions and custom lots are still available here — unlike most of coastal California.
That makes construction financing relevant in a way it isn't in LA or Orange County. Buildable land exists. The math can work.
Construction loans are harder to qualify for than standard purchase loans. Lenders want a 680+ credit score, strong reserves, and a licensed general contractor.
Most retail banks offer construction loans, but their programs are rigid. Small variations in your project can trigger denials.
SRK CAPITAL works with 200+ wholesale lenders. That means we find programs built for custom builds, ADUs, and spec homes — not just cookie-cutter tract construction.
The biggest mistake builders make: starting site work before financing is locked. Lenders won't touch a project mid-construction without heavy penalties.
Get your loan committed before you break ground. Also budget a 10–15% contingency — lenders expect to see it, and you'll likely need it.
A construction-to-permanent loan rolls your build financing into one mortgage. You close once and convert at completion — no second closing costs.
Stand-alone construction loans require two closings. They offer more flexibility mid-build, but the added cost adds up. Rates vary by borrower profile and market conditions.
Riverside County permit timelines run longer than coastal counties. Factor 3–6 months of permitting into your project schedule before applying.
Menifee sits in a high-fire-hazard zone in some areas. That affects insurance requirements, which lenders verify before funding any draw.
Funds are released in draws as construction hits milestones. Once the home is complete, the loan converts to a permanent mortgage.
Yes. Several lenders offer ADU-specific construction programs. Requirements vary, but your primary home's equity often helps qualify.
Most lenders want 680 or higher. Some programs allow 660, but expect stricter reserve and down payment requirements.
Typically yes — interest-only payments on drawn funds. Full principal and interest payments begin after conversion to permanent financing.
Expect 30–60 days. Lenders review your plans, contractor credentials, and budget — not just your personal financials.
Most lenders require a licensed GC. Owner-builder programs exist but are rare and come with stricter underwriting requirements.