California Construction Home Mortgages
Let's Build Your Dream Today...
No Credit Impact Mortgage Review
California Construction Home Loans
Capital Home Mortgage California is a California Construction Mortgage Lender focused on providing California Construction Home Mortgages for California homebuyers build their dream homes. Offering both the One Time Close and Two Time Close California Construction Home Loans, individuals have flexible options best suited for their individual construction projects. Whether you’re building your first home, upgrading to a larger family residence, or downsizing for retirement, Capital Home Mortgage California has the construction solution to fit your specific needs.
The California One Time Close Construction Home Loans simplify the process by combining construction and permanent financing into a single loan, eliminating the need for multiple closings. To make the experience as stress-free as possible, dedicated points of contact are provided throughout the construction process, ensuring smooth communication and timely closings.
By managing everything in-house—from application to builder approval through to the move-in date—they streamline approvals and the overall construction timeline. This setup enables quick, common-sense decisions and offers homeowners peace of mind during the building process.
Would you like more information about the One Time Close Construction Loans, or help with starting the application process?
Call Today (888) 620-7744 to speak to one of our California Construction Loan Officers.
California One Time Close Home Mortgages
California One Time Close Construction Loan Benefits
- Single Loan Application and Approval: Borrowers only need to go through the application and approval process once, saving time, cost and reducing paperwork.
- Minimum down payments or Zero Down Depending on loan program used.
- Fixed Interest Rates: One-time close loans offer fixed rates during both the construction phase and for the permanent mortgage, providing borrowers with stability and predictable payments.
- A single appraisal valuation eliminates the possibility of appraisal surprises because just one evaluation is necessary for the loan.
- One Closing: Instead of two closings—one for the construction loan and another for the permanent mortgage—only one closing is required, saving time and money.
- No Payments During Construction: Borrowers can choose to not make payments, provided they incorporate an interest reserve.
- Converts to a Traditional Mortgage: Once construction is complete, the loan transitions into a standard mortgage, and borrowers start making principal and interest payments.
- Ease of funding: The One-Time Close Construction Loan simplifies the financing of a new house.
California One Time Close Construction Loan Challenges
- A one time close doesn’t allow for change orders to be financed into the loan. As the name suggests the loan is close prior to construction, so all changes have to be paid directly by the borrower.
Types of California Homes that Qualify for One Time Close Construction Mortgage
Single Family Home
Manufactured Home
Modular Home
Barndominium Home
Types of California Mortgages that Qualify California Construction Home Mortgages
FHA Home loans
VA Home Loans
HUD 184 Home Loans
Conventional Loans
Apply For a One Time Close California Construction Loan
The construction of a new California home is a significant undertaking with numerous factors to consider. With a California One-Time Close Construction Mortgage, Capital Home Mortgage California is here to facilitate this process. From ground breaking to move-in, we provide a seamless process. Our Loan Officers will work with you and your home builder to ensure everything flows well.
Call Today (888) 620-7744 to speak to one of our California Construction Loan Officers.
California Two Time Close Home Mortgages
California Two Time Close Construction Loan Benefits
- Allows Changes: A two time construction loan allows for modifications to the loan during construction in the event of cost overruns or construction changes.
- Lower Cost: A two time close doesn’t require an interest reserve for payments during construction, nor doe it require an extended rate lock greatly reducing the up front cost of the construction loan.
California Two Time Close Construction Loan Challenges
- Two Loan Applications and Approvals: Borrowers need to go through the application and approval process twice, once for construction and once for final mortgage.
- Down Payment: Can require a larger down payment.
- Interest Rates: Interest only during the construction, final mortgage is subject to market when complete.
- Two Appraisals Required: One for the construction loan and another for the permanent mortgage.
- Closings: Two are required, one for the construction loan and another for the final mortgage.
- Payments During Construction: Borrowers must make interest only payments on the amount dispersed.
- Final Mortgage: Once construction is complete, a new mortgage must be obtained to pay off construction loan.
To qualify for a two time close construction loan, borrowers must meet eligibility criteria such as income, credit score, down payment, and debt-to-income ratio for both the construction loan and final mortgage. This requires the borrower financial stability must remain stable during the entire process. Additionally, the contractor or builder must be licensed, insured, and experienced in similar projects. Detailed project plans, contracts, and cost estimates are also required before loan approval. Would you like more details about how to get started with a two time close construction loan? Call Today (888) 620-7744 to speak to one of our California Construction Loan Officers.
Types of California Homes that Qualify for One Time Close Construction Mortgage
Single Family Home
Barndominium Home
Types of California Mortgages that Qualify California Construction Home Mortgages
Conventional Loans
Why California is Choosing Capital Home Mortgage
Close On Time
Complete Control from Application to Funding
Low Rates & Low Fees
Direct Lender with Competitive Rates & Fees
Exceptional Service
7 Day a Week Support Application to Funding
California Construction Mortgage Rates
Interest Rates are calculated using several factors. Depending on the type of mortgage you are looking at and the impact of the items below can determine the interest rates.
- Demand for Mortgage Securities
- Property Securing the Mortgage
- Occupancy of the Property
- Loan to Value of the Property
- Borrower’s Credit Worthiness
California Mortgage Company Reviews
California Mortgage Team
California Mortgage Programs
California Purchase Home Loans
Looking to Purchase in California?
- Primary, 2nd Home, Investment
- Low Rates & Fees, No fee Options
- FHA, VA, USDA, Native American
- Conventional, Jumbo & Renovation
- Manufactured, Construction, Reverse
California Renovation Home Loans
Looking to Renovate a California Home?
- Remodel, Renovate or Repairs
- FHA 203K Streamline
- FHA Full Documentation Rehab
- Fannie Mae Homestyle Reno
- Freddie Mac Home Choice Reno
California FHA Home Loans
Great First Time California Homebuyers
- Smaller Down Payments
- Flexible Underwriting Guidelines
- Higher Debt to Income Allowed
- Lower Credit Scores – Down to 500
- Down Payment Gifts Allowed
California VA Home Loans
100% Financing for California Veterans
- No Mortgage Loan Limits
- Simple Qualifying
- Higher Debt to Income Allowed
- Lower Credit Scores – Down to 500
- Manual Underwriting Allowed
California Conventional Home Loans
Flexibility for California Homebuyers
- Primary, 2nd Home, Investment
- Single and Multi-Family Properties
- Variable Mortgage Insurance Options
- Low Rates & a Variety of Terms
- Renovation Programs Available
California Jumbo Home Loans
California Non-Conforming Mortgages
- Primary & 2nd Homes
- Variety of Mortgage Programs
- Simple Qualifying for Veterans
- Investor Specific Guidelines
- Credit Score Minimums
California USDA Home Loans
California Rural Home Mortgages
- Primary Residences
- No Down Payment Required
- New Manufactured Homes Allowed
- Closing Costs / Repairs Rolled In
- Geographic and Income Limits Apply
California Native American Loans
California Hud 184 Home Mortgage
- Primary Residence Only
- Manual Underwriting for All Loans
- No Credit Score Requirements
- Tribal Grants Allowed
- Purchase, Refinance, and Renovation
California Manufactured Home Loans
Great California Affordable Housing
- Existing Purchase or Refinance
- New Construction
- One Time Close Land/Home Combo
- Lock at Contract
- FHA, VA, USDA, Native American
California Reverse Home Loans
Your California Home at Work for You
- Primary Residence Only
- Simple Qualifying – Equity Based
- No Credit Score Requirements
- Minimum Age 62
- Purchase, Refinance, and Cash-Out
California Non QM Home Loans
Making California Mortgages Possible
- Purchase, Refinance & Cash-out
- Primary, Secondary, Investment
- Full Doc Programs
- Alt Doc Programs
- Corporations OK
California Construction Home Loans
Build Your California Dream Home
- Primary Residences Only
- One Time Close
- Lock Rate at Closing
- Traditional Final Mortgages
- No Payments During Construction
California Refinance Home Loans
California Rate & Term Refinance
- Lower Monthly Payment
- Shorten Mortgage Term
- Streamline Options Available
- Appraisal Waivers Allowed
- VA IRRRL’s
California Cashout Home Loans
California Equity Cash Out Mortgage
- Debt Consolidation
- Investment Opportunities
- Home Improvement
- Dream Vacation
- Higher Education
