Question 1

How do construction loan draws work?

Accepted Answer

Lenders release funds in stages tied to build milestones. An inspector verifies each phase before the next draw is approved.

Question 2

Can I act as my own general contractor in Tulare?

Accepted Answer

Most construction lenders won't allow owner-builder arrangements. You'll need a licensed, lender-approved GC to qualify.

Question 3

What's the difference between one-time and two-time close?

Accepted Answer

One-time close covers build and permanent mortgage in a single closing. Two-time close requires a second closing once construction finishes.

Question 4

Do construction loans cover land purchase costs?

Accepted Answer

Some programs roll land and construction costs into one loan. Others require you to own the lot free and clear first.

Question 5

Are rural parcels in Tulare County eligible for construction loans?

Accepted Answer

Yes, but lender options narrow on rural or agricultural land. USDA construction loans may apply depending on the parcel's location.

Question 6

How long does a construction loan term typically run?

Accepted Answer

Most construction phases are 12 months. Some lenders allow up to 18 months for complex builds — discuss your timeline upfront.

Construction Loans in Tulare, CA — Build What You Can't Buy