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Updated over 4 years ago on . Most recent reply

User Stats

180
Posts
72
Votes
Daniel I.
  • Investor
  • Los Angeles, CA
72
Votes |
180
Posts

Looking for a New Construction Loan in California

Daniel I.
  • Investor
  • Los Angeles, CA
Posted

I've been trying to find a new construction loan for a primary residence here in Southern California, but the last mortgage broker I talked to said new construction loans had been temporarily discontinued. I was told between uncertainty with COVID and low interest rates keeping lenders backed up with paperwork, they often remove products from their offering. 

I've reached out to many banks and have had a hard time even getting responses and when I do, they tell me they don't offer new construction loans.

If anyone have any lenders they've worked with recently on a new construction project and would share that with me, that'd be super helpful!

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