Question 1

How does a construction loan work in Dixon?

Accepted Answer

Funds are released in draws as each build phase completes. After construction, the loan converts to a permanent mortgage.

Question 2

Can I use a construction loan to buy land in Dixon?

Accepted Answer

Some programs include lot purchase in the construction loan. Others require you to own the land first.

Question 3

What credit score do I need for a construction loan?

Accepted Answer

Most lenders want 680 or higher. Lower scores narrow your options significantly and raise your rate.

Question 4

Do I make payments during construction?

Accepted Answer

Yes, typically interest-only payments on funds drawn. Full principal payments start after the loan converts.

Question 5

Will lenders finance a custom build in a smaller market like Dixon?

Accepted Answer

Some won't. That's why having access to multiple wholesale lenders matters — it takes the right match.

Question 6

How long does a construction loan term last?

Accepted Answer

Usually 12 months for construction. Extensions are possible but add cost and require lender approval.

Construction Loans in Dixon, CA — Build New in Solano County