Question 1

How does a construction loan work in Dinuba?

Accepted Answer

You borrow funds in stages as construction progresses. At completion, the loan converts to a standard mortgage.

Question 2

Can I use my own land as a down payment?

Accepted Answer

Yes, in many cases. Land equity can count toward your required down payment. Ask your lender how they calculate its value.

Question 3

Do I need a licensed contractor in Tulare County?

Accepted Answer

Yes. Lenders require a licensed, insured contractor. Owner-builder programs exist but are harder to qualify for.

Question 4

What is a one-time close construction loan?

Accepted Answer

It combines the construction and permanent loan into one closing. You save on fees and lock your rate upfront.

Question 5

How long do construction loans last?

Accepted Answer

Most run 12 months. Some lenders allow extensions if the build runs over schedule.

Question 6

What happens if my build costs go over budget?

Accepted Answer

Lenders fund based on the original approved budget. Cost overruns come out of your pocket unless you renegotiate.

Construction Loans in Dinuba, CA — Build What You Can't Find