Question 1

Can I act as my own general contractor in Fillmore?

Accepted Answer

Owner-builder loans exist, but most lenders require proven construction experience. Expect a smaller lender pool and tighter terms.

Question 2

How do construction loan draws work?

Accepted Answer

Lenders release funds in stages tied to completed work. An inspector verifies each phase before the next draw is released.

Question 3

Do I pay interest during construction?

Accepted Answer

Yes — interest-only payments on drawn funds during the build. Full payments start when the loan converts to permanent.

Question 4

How long can a construction loan term run?

Accepted Answer

Most terms run 12 months. Extensions are possible but cost money — build your timeline conservatively from day one.

Question 5

Does fire risk in Fillmore affect my loan approval?

Accepted Answer

Yes. Lenders require proof of builder's risk insurance and fire-rated construction. Get this confirmed before you finalize plans.

Question 6

What credit score do I need to build in Fillmore?

Accepted Answer

Most lenders start at 680. Higher scores get better rates. Rates vary by borrower profile and market conditions.

Construction Loans in Fillmore, CA — Build It Right