Question 1

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

Accepted Answer

Most lenders require 680 or higher. Some programs push to 700-720 due to the added complexity of construction lending.

Question 2

Can I use my own builder or does the lender assign one?

Accepted Answer

You choose your builder. The lender must approve them — they'll verify licensing, insurance, and track record before funding.

Question 3

How does a one-time close construction loan work?

Accepted Answer

You close once and lock your permanent rate at the start. The loan converts automatically when construction finishes — no second closing.

Question 4

Do I make payments during construction?

Accepted Answer

Yes, but only on drawn funds. Payments are interest-only during the build phase, then convert to principal and interest at completion.

Question 5

How long does construction loan approval take?

Accepted Answer

Expect 30-60 days. Lenders review plans, builder credentials, and your financials — it's more involved than a standard purchase loan.

Question 6

Does SRK CAPITAL offer construction loans in San Bernardino County?

Accepted Answer

Yes. SRK CAPITAL works with wholesale lenders who specialize in construction-to-permanent programs across California, including Rancho Cucamonga.

Construction Loans in Rancho Cucamonga — Build It Right