Question 1

How does a construction loan work in Mount Shasta?

Accepted Answer

You borrow in stages as the build progresses. At completion, the loan converts to a permanent mortgage.

Question 2

Can I be my own general contractor?

Accepted Answer

Some lenders allow it, but most want a licensed GC. Owner-builder loans are harder to place in rural counties.

Question 3

How long does a construction loan term last?

Accepted Answer

Most construction phases run 12-18 months. Extensions are possible but usually cost extra in fees.

Question 4

Do I need to own land before applying?

Accepted Answer

Not always. Many lenders bundle land purchase and construction into one loan. Owned land can reduce your down payment requirement.

Question 5

What insurance do I need for a Siskiyou County build?

Accepted Answer

Builder's risk insurance is required during construction. Given local wildfire risk, get this quote early — it can affect your loan approval.

Question 6

What credit score do I need for a construction loan?

Accepted Answer

Most lenders want 680 or higher. Below that, your options narrow and rates rise. Rates vary by borrower profile and market conditions.

Construction Loans in Mount Shasta, CA