Construction Loans in El Dorado CountyEL DORADO. County seat, Placerville. Created February 18, 1850. El Dorado -- the far-famed fabulous region of genial clime and never-fading verdure, where gold and precious stones are as common as rocks and pebbles, where wines gently flow from fountains. The name, meaning "the gilded one" in Spanish, appears at the beginning of the 16th century as that of a mythical Indian chief who was said to have been covered with gold dust during the performance of religious rites. When the discovery of gold by James W. Marshall at Coloma in January 1848 became known to the world, California, and particularly that section where gold was discovered, was called "El Dorado." From this fact the county received its name. A master plan is essentially a "cookie cutter" plan that will be built repetitively. The Master Plan Program establishes a site specific building design approval protocol that is predictable and dependable for an unlimited number of building permits in the current 3-year code cycle. You can achieve standarization and consistancy in the construction process and the time spent during the site specific application is reduced drastically with consistent submittals. The program is limited to licensed contractors with a current California State Contractors license and a current El Dorado County business license. We provide the best construction loans in El Dorado Hills, Cameron Park, South Lake Tahoe, Placerville, Diamond Springs, Echo Lake, El Dorado, Garden Valley, Georgetown and neighborhoods in El Dorado county in California. California Construction Loans
California Construction loans specializes in providing construction loans to families building their dream home from ground up on their own land. The types of construction loans we provide are typically called one time close construction loans or construction to permanent loans. We also provide construction only loans if desired.
We also specialize in providing construction to permanent financing for major remodeling projects. Major remodeling projects typically are residential owned homes that are in need of major remodeling and expansion in square footage size. Major remodeling also includes homes that are in need a significant remodeling makeover's from ground up as well as complete tear down projects.
Last but not least we specialize in providing land loans for families looking to build a new home sometime in the near future. To apply for a construction loan you need to own land, have house plans, hire a builder, provide a cost breakdown including building permits. Once you own land then and typically only then are you able to obtain all the above items needed in order to apply for a construction loan.
Not living in California? No worries! We provide services all over the country with Nationwide Construction Loans.
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Learn new construction loan "Inside Secrets"
Know how to get the best construction loan, rate and
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The Owner Builder Book
 Learn how you can save more than $100,000 when building your custom home. What are the secrets to acting as your own general contractor to save money on the construction of your home? The Owner-Builder Book answers this question and explains how you can act as your own general contractor when constructing your home.
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Latest Blog Posts
June 8th, 2010
We are building with a very well known home builder, we have paid our deposit and have just got DA approval and mortgage approval and now they are threatening to up the base price of the house design by an amount we are not prepared to increase our mortgage by, can we forfit our deposit, take the plans and owner build the house without getting sued for IP/copyright by the builders? if not how much would we have to change the plans in order to be able to?
we are in NSW Australia
I doubt this. You have a few problems. You do not own the house plans. Even when you buy a house you have no right to the actual plans and can not use them to build without the artifact signing off. You can not use ANY of eh plans without copyright infringement.
Your other problem is the home loan, your loan is for a built home. Construction loans are different, with very different... Read More
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June 8th, 2010
Unique Capital {LLC|Commercial Lending}remains to lend on commercial {real estate|mortgages} despite the recent credit {difficulties|crisis} in the marketplace. With {conventional|standard|correspondent} programs that go up to 75% {LTV|Loan-To-Value} and govnernment SBA / FHA programs exceeding 90% {LTV|Loan-To-Value}, Unique Capital {Commercial Lender|LLC} remains a {firm|strong} source of commercial real estate loans. Apartment, Multifamily, Office, Retail, Industrial, Mixed-use, self-storage and {hotel/motel|hospitality} {financing|lending} is still being {cultivated|delivered}. Even in this tough environment, Unique Capital is actually able to structure SBA 7a and FHA/HUD loans up to 100% depending on the equity and collateral used for financing. A list of programs can be found on the unique-capital website with specific program parameters.
Unique Capital is also involved in the {acquisition|purchasing} of distressed or discounted commercial mortgage notes. Due to a lack of liquidity in the market, many lenders (banks, insurance companies, pension funds, portfolio companies) are having to sell off assets to improve leveraged ratios. With a limited amount of money in the marketplace and an ever growing amount of assets available, the supply is greater than the demand; thus the ability to purchase assets at a {substantial|sizeable} discount.
As regulators and experts through 2007 and the beginning of 2008 advised that the credit crunch would lighten up towards the end of 2008 or early 2009; speculation now arises that the markets may not cool off and adjust properly until 2010 or 2011. Hedge Funds, Private {Equity Groups|Equity Funds} and Private Investors are attempting to {re-liquidate themselves|raise capital}... Read More
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Most Recent Articles
The Ins and Outs of a Construction Loan
April 11, 2010
Deciding to build your own property can be just the start of a very large project. It is usually enjoyable in the beginning on the other hand turn into a mess if you don't understand all the particulars of getting a construction mortgage loan.
FULL ARTICLE
Equity Based Construction Loans
January 20, 2010
Construction Loans: From Start to Finish
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How Construction Loans Work
January 20, 2010
How construction loans work
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Coverage
We provide the best residential and commercial construction loans in all counties in California listed below:
Alameda County, Alpine, Amador, Butte, Calaveras, Colusa, Contra Costa, Del Norte, El Dorado, Fresno County, Glenn, Humboldt, Imperial, Inyo, Kern, Kings, Lake, Lassen, Los Angeles, Madera, Marin County, Mariposa, Mendocino, Merced, Modoc, Mono, Monterey, Napa, Nevada, Orange, Placer, Plumas, Riverside, Sacramento, San Benito, San Bernardino, San Diego, San Francisco, San Joaquin, San Luis Obispo, San Mateo, Santa Barbara, Santa Clara, Santa Cruz, Shasta, Sierra, Siskiyou, Solano, Sonoma, Stanislaus, Sutter, Tehama, Trinity, Tulare, Tuolumne, Ventura, Yolo, Yuba County.
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10 Construction Loans Misconceptions
A land purchase can easily be added into the construction loan.
Construction loan rates are the same as all mortgages.
You have to make a payment during construction.
Construction loans are just as fast and easy to complete as any loan.
Most banks allow owner builder.
The largest lenders have the best rates and programs.
No money down construction loans are easily available.
All banks value construction loan projects the same way by appraised loan to value.
Most loan officers are capable of providing a construction loan.
Going directly to a bank is less expensive than working with a broker.
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