Question 1

How long are construction loan terms in Ventura County?

Accepted Answer

Most run 12 to 18 months. Ventura's permit process can be slow, so ask lenders about extension options before you commit.

Question 2

Can I use a construction loan for a major renovation?

Accepted Answer

Yes, for significant structural work. Minor remodels won't qualify — lenders want projects that substantially change the home's value.

Question 3

What is a one-time-close construction loan?

Accepted Answer

It combines construction financing and your permanent mortgage into one closing. You avoid a second appraisal and second set of fees.

Question 4

Do I make payments during construction?

Accepted Answer

Yes, typically interest-only on drawn funds. Your full principal-and-interest payment starts once the loan converts to permanent financing.

Question 5

What happens if my build goes over budget?

Accepted Answer

The lender won't release extra funds automatically. You'll need cash reserves or a separate plan — this is why reserves matter so much upfront.

Question 6

Can I build on a coastal lot in San Buenaventura?

Accepted Answer

You can, but Coastal Commission review adds time and conditions. Lenders factor that in, and so should your construction timeline.

Construction Loans in San Buenaventura, CA