Bottom Line Up Front
Short-term loans funding construction that convert to permanent mortgages. Construction-to-permanent (one-close) eliminates double closings.
Overview
Short-term loans funding construction that convert to permanent mortgages. Construction-to-permanent (one-close) eliminates double closings.
Who Qualifies?
Detailed plans, licensed contractor, permits. 680+ credit. 20-25% down.
Key Benefits
- ✓Build dream home
- ✓One-time close
- ✓Interest-only during construction
✅ Pros
- Custom home
- Single close convenience
⚠️ Considerations
- Higher down payment
- Complex documentation
- Timeline risk
California-Specific Information
California construction requires navigating complex permitting, seismic codes, and environmental regulations.
Rates & Pricing
Construction phase: variable, above permanent rates. Upon conversion: competitive permanent rates.
Why Choose Save Financial for Construction Loans?
Save Financial is a trusted California mortgage broker (NMLS #377740) with 45 years of combined experience and relationships with 20+ wholesale lenders. We specialize in finding the best construction loans rates and terms for California borrowers. Our $500 price guarantee means if we can't beat another lender's offer, you get $500. We serve 60+ California cities from our offices in Newport Beach and Marina del Rey, and our team speaks English and Spanish.
Call (888) 703-1840 or get a free quote online — open 7 days a week, 9AM–8PM.
$500 Cash Loan Price Match Guarantee
Get a written offer from any lender. If Save Financial cannot beat it for the same product, we pay you $500 cash.
NMLS #377740 · DRE #01875766 · Call (888) 703-1840
Reviewed By
Mike Baasti, Licensed Mortgage Broker
Founder of Save Financial, Inc. (NMLS #377740) in Newport Beach, CA. 20+ years in residential and investment lending across conventional, FHA, VA, jumbo, hard money, bank statement, and specialty mortgage programs.