Question 1

How does a construction loan work in Moorpark?

Accepted Answer

You borrow in stages called draws as your build progresses. At completion, the loan converts to a permanent mortgage — either automatically or via a second closing.

Question 2

Can I use a construction loan to buy land in Ventura County?

Accepted Answer

Yes, many programs bundle land purchase and construction into one loan. The land must typically appraise and you'll need approved plans at closing.

Question 3

What credit score do I need for a construction loan?

Accepted Answer

Most lenders require 680 minimum. One-time close programs often want 700-720. Rates vary by borrower profile and market conditions.

Question 4

How long does a construction loan term last?

Accepted Answer

Construction phases are typically 12 months. Extensions are possible but may trigger fees. Plan your build timeline conservatively.

Question 5

Do I make payments during construction?

Accepted Answer

Yes, but only on what's been drawn. Interest-only payments apply during the build phase — full principal and interest begin after conversion.

Question 6

Does SRK CAPITAL broker construction loans in Moorpark?

Accepted Answer

Yes. We work with wholesale lenders experienced in Ventura County construction deals. We'll match your project to the right program and draw structure.

Construction Loans in Moorpark, CA