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Camarillo sits in a Ventura County pocket where buildable lots still exist. That makes construction financing relevant here in a way it isn't in fully built-out coastal cities.
New construction gives you control over layout, materials, and energy efficiency. In Camarillo's climate, that matters — buyers are building for longevity, not just resale.
680+
Min Credit Score
20–25%
Typical Down Payment
12–18 months
Loan Term
Yes
GC License Required
Draw Schedule
Funding Method
Construction Loans in Camarillo
Construction loans are harder to qualify for than standard mortgages. Lenders want a 680+ credit score, strong reserves, and a licensed general contractor before they'll approve.
You'll also need approved architectural plans and a detailed construction budget. Lenders fund in draws — meaning money releases in stages as work gets completed.
Local decision guide
Use this guide to connect construction loans eligibility, lender expectations, and local market factors before comparing payment options in Camarillo.
Camarillo sits in a Ventura County pocket where buildable lots still exist. That makes construction financing relevant here in a way it isn't in fully built-out coastal cities.
New construction gives you control over layout, materials, and energy efficiency. In Camarillo's climate, that matters — buyers are building for longevity, not just resale.
Construction loans are harder to qualify for than standard mortgages. Lenders want a 680+ credit score, strong reserves, and a licensed general contractor before they'll approve.
Most retail banks offer construction loans, but their programs are rigid. They want cookie-cutter projects with predictable timelines — custom builds often don't fit.
Wholesale lenders give us more flexibility on loan structure. We can match your project to a lender whose guidelines actually fit what you're building.
The most common mistake I see: borrowers hire a contractor before locking financing. Your lender has to approve that contractor. Start with the loan, then finalize your GC.
Budget overruns kill construction deals. Build a 10-15% contingency into your plan from day one. Lenders want to see it — and you'll almost certainly need it.
Construction-to-permanent loans roll your build financing into one mortgage. You close once, then convert at completion. That saves on closing costs versus two separate loans.
Stand-alone construction loans require a second closing when you refinance into a permanent mortgage. More flexible, but more expensive and more paperwork. Know which structure you need before you shop.
Camarillo has specific zoning rules and HOA restrictions in many neighborhoods. Confirm your build plans comply before you apply — lenders won't fund projects with permit problems.
Ventura County permitting timelines can run long. Factor that into your construction schedule. A realistic timeline protects your draw schedule and your rate lock.
Most lenders require 20-25% down on construction loans. Strong credit and a detailed budget can sometimes get you to the lower end.
Most lenders say no. They require a licensed, insured GC with a verifiable track record. Owner-builder programs exist but are rare.
You'll need to cover overruns out of pocket. Lenders won't increase your loan mid-build — that's why a contingency reserve is critical.
Most construction loans run 12-18 months. If your build takes longer, you may need an extension — which adds cost.
Yes. Construction loans carry higher rates than permanent mortgages. Rates vary by borrower profile and market conditions.
Yes, renovation construction loans exist. They work similarly to new build loans — funds release in stages as work is verified.