Question 1

Can I build on agricultural land near Farmersville?

Accepted Answer

Some lenders allow it, but ag zoning limits your options. We target lenders specifically comfortable with Tulare County rural parcels.

Question 2

How do construction loan draws work?

Accepted Answer

The lender releases funds in stages as inspections confirm work is done. Your builder gets paid per milestone, not all at once.

Question 3

Do I make payments during construction?

Accepted Answer

Yes — interest-only payments on drawn funds. You're not paying interest on the full loan until the full amount is disbursed.

Question 4

What is a one-time close construction loan?

Accepted Answer

It combines the construction loan and permanent mortgage into one closing. You avoid duplicate fees and lock your rate upfront.

Question 5

How long does a construction loan last?

Accepted Answer

Typically 12 months. Tulare County permit delays can eat into that — budget for a possible extension before you start.

Question 6

What credit score do I need for a construction loan in Farmersville?

Accepted Answer

Most lenders want 680 or higher. Rates vary by borrower profile and market conditions, so a stronger score gives you better terms.

Construction Loans in Farmersville, CA