Question 1

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

Accepted Answer

Most lenders require 680 minimum. Stronger scores get better rates and easier builder approvals.

Question 2

Can I act as my own general contractor?

Accepted Answer

Most lenders say no. They require a licensed, insured contractor with a verifiable track record.

Question 3

How do draws work during construction?

Accepted Answer

Funds release in stages as work is completed and inspected. You don't get the full loan upfront.

Question 4

Does the construction loan convert to a mortgage automatically?

Accepted Answer

With a construction-to-perm loan, yes. One closing covers both phases, which saves time and closing costs.

Question 5

How does San Bernardino County's permitting affect my loan timeline?

Accepted Answer

Permits can take weeks or months. Delays push back draw schedules and can extend your loan term.

Question 6

Do I pay interest during construction?

Accepted Answer

Yes — on drawn funds only, not the full loan amount. Payments start small and grow as draws increase.

Construction Loans in Redlands, CA — Build What You Can't Buy