Question 1

How does a construction loan work in Upland?

Accepted Answer

You draw funds in stages as the build progresses. Each draw requires an inspection before the lender releases the next payment.

Question 2

Can I act as my own general contractor?

Accepted Answer

Most lenders say no. They require a licensed, insured GC with a verifiable track record on comparable projects.

Question 3

What credit score do I need?

Accepted Answer

Plan on 680 minimum. Some lenders go lower with stronger down payments, but 680 is where most programs start. Rates vary by borrower profile and market conditions.

Question 4

How much do I need to put down?

Accepted Answer

Standard is 20% of the total project cost. That includes land, construction, and soft costs like permits and architecture.

Question 5

What is a one-time close construction loan?

Accepted Answer

One closing covers both the build phase and the permanent mortgage. You avoid a second appraisal, second set of closing costs, and re-qualifying.

Question 6

Do San Bernardino County permits affect my loan?

Accepted Answer

Yes. Permit delays extend your construction timeline and increase interest-only payments. Build permit lead time into your loan term upfront.

Construction Loans in Upland, CA — Build It Right