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Adelanto sits in the High Desert with room to build. Vacant land is more accessible here than in coastal San Bernardino County cities.
That affordability makes construction loans a real option. You can buy a lot and build to spec without competing in a tight resale market.
680+
Min Credit Score
20-25%
Down Payment
12-18 months
Typical Loan Term
Required
Licensed Contractor
Construction Loans in Adelanto
Construction loans are harder to qualify for than standard purchase loans. Lenders want a 680+ credit score, strong reserves, and a licensed contractor.
Expect to put 20-25% down. Lenders see new construction as higher risk, so they tighten requirements across the board.
Local decision guide
Use this guide to connect construction loans eligibility, lender expectations, and local market factors before comparing payment options in Adelanto.
Adelanto sits in the High Desert with room to build. Vacant land is more accessible here than in coastal San Bernardino County cities.
That affordability makes construction loans a real option. You can buy a lot and build to spec without competing in a tight resale market.
Construction loans are harder to qualify for than standard purchase loans. Lenders want a 680+ credit score, strong reserves, and a licensed contractor.
Not every lender does construction loans. Most big retail banks have pulled back from this product since it requires active loan management.
SRK CAPITAL works with 200+ wholesale lenders, including specialists in construction financing. That access matters when fewer lenders play in this space.
The draw schedule is what most borrowers underestimate. Funds release in stages as construction hits milestones — not all at once.
Budget overruns are common. Build a 10-15% contingency into your loan request from day one. Lenders respect borrowers who plan for it.
Bridge loans can fund a quick land purchase, but they won't cover the build. Construction loans handle both phases in one structure.
Hard money moves faster but costs more. If you qualify for a conventional construction loan, the rate difference is significant. Rates vary by borrower profile and market conditions.
Adelanto is an incorporated city with its own permitting process. Factor in San Bernardino County utility hookups — water and sewer access varies by parcel.
The High Desert climate hits extremes. Lenders and builders both account for summer heat in material specs and construction timelines.
Most lenders won't allow owner-builder arrangements on construction loans. You need a licensed GC with verified experience.
Typical construction terms run 12-18 months. You convert to a permanent mortgage once the certificate of occupancy is issued.
You pay interest only on drawn funds during the build phase. Full principal and interest begin after conversion to permanent financing.
Most lenders allow one extension, but it costs fees and requires documentation. Build realistic timelines with your contractor upfront.
Yes, but lenders may require you to own the land free and clear or with limited debt before approving a construction loan.