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Shasta Lake sits in a part of Northern California where land is still affordable and buildable. That makes construction loans a real option here — not just a fallback.
New inventory in Shasta County is limited. Building often beats waiting for the right resale to appear.
680+
Min Credit Score
20%
Typical Down Payment
60–90 Days
Permit Timeline
Required
Builder License
Interest-Only
Rate Type During Build
Construction Loans in Shasta Lake
Most lenders want a 680+ credit score for construction loans. Some go lower, but expect tighter terms and higher reserves if you do.
You'll typically need 20% down. Lenders also want a signed builder contract and approved plans before funding.
Local decision guide
Use this guide to connect construction loans eligibility, lender expectations, and local market factors before comparing payment options in Shasta Lake.
Shasta Lake sits in a part of Northern California where land is still affordable and buildable. That makes construction loans a real option here — not just a fallback.
New inventory in Shasta County is limited. Building often beats waiting for the right resale to appear.
Most lenders want a 680+ credit score for construction loans. Some go lower, but expect tighter terms and higher reserves if you do.
Construction loans aren't offered by every lender. Fewer than half of wholesale lenders on our panel actively fund new builds in rural Northern California.
The lenders who do work in Shasta County care about the builder's license, timeline, and draw schedule. Get those details tight before you apply.
The biggest mistake I see: borrowers pick a builder before locking a loan. Some builders aren't approved by construction lenders. Lock the financing first.
Construction-to-permanent loans save a second closing. You pay one set of closing costs, then the loan converts when the build is done. That's almost always the better move.
Bridge loans work if you own land and need short-term capital. Hard money moves faster but costs significantly more. Construction loans are the right tool for a planned build.
Conventional purchase loans don't fund unbuilt homes. If you're breaking ground, you need a product built for that — not a workaround.
Shasta Lake is in a high fire-hazard zone. Lenders will require fire insurance commitment before they fund. Line that up early — it can delay closing if you wait.
Shasta County has specific permitting timelines. Factor in 60-90 days for permits before your build start date. That affects your rate lock strategy.
Yes, but the lender pool is smaller for rural parcels. We work with lenders who actively fund Shasta County builds.
You close once, pay interest-only during construction, then the loan converts to a standard mortgage when the build is complete.
Most lenders build in a small contingency reserve. Significant overruns may require a draw amendment — talk to us before it becomes a problem.
Yes. Lenders require a licensed, insured general contractor. Owner-builder projects are allowed by some lenders but are harder to fund.
It can. Some lenders avoid high fire-hazard zones. We focus on lenders who still actively fund in Shasta County.
Most lenders want 680 or higher. Below that, options narrow and down payment requirements often increase. Rates vary by borrower profile and market conditions.