Builder Sold Construction Loans in California
Builder Sold Loan in California
Normandy offers construction to permanent loan and new construction mortgage programs for residential projects throughout California. Borrowers deal directly with the loan officer and underwriter — no broker chain, no call center handoffs. Coverage includes Los Angeles, San Diego, the San Francisco Bay Area, Sacramento, and the Inland Empire and communities across the state.
Builder-sold construction moves steadily across California’s growth markets — the Inland Empire, Central Valley, and coastal commuter communities all see active buyer demand for new builds under purchase contract.
Loan amounts from $95,000 to $5,000,000. Up to 75% of contract price on conforming amounts; 70% for larger amounts. 12-month construction term; extensions available. Interest-only on funds advanced. Full and limited income documentation available. New builders considered. Foreign nationals welcome.
Full details and pre-qualification at https://normandy.com/builder-sold-loans/. All Normandy residential programs at https://normandy.com/. Call 800-390-7536.
General Guidelines*
- Loan amounts from $95,000 to $5,000,000
- Loan amounts up to 75% of the contract price on conforming loan amounts, otherwise up to 70% of contract price. Cross collateralization considered on other properties, if needed, for maximum or greater loan amounts.
- Land purchase may be included in the construction loan. Please call for a quote.
- Foreign Nationals are eligible for this program
- Deal directly with the Loan Officer/Underwriter
- Full and Limited Income Documentation programs available
- Fast pre-qualification, typically within 3 – 5 business days, closing typically within 30 days (fast track closings 14+/- days available if certain criteria is met)
- Loans are available to Borrowers with excellent to less than perfect credit (subject to underwriting)
- Flexible draw schedules
- 1 to 4 family homes, refer to Commercial Construction for more than 4 units
- 12 month construction term with extensions available
- Interest only payments based on funds advanced
- New Builders will be considered
*All rates and terms subject to change without notice
California Construction Market & Regulatory Overview
California is one of the largest residential construction markets in the country. Sustained housing demand across coastal cities and inland growth corridors keeps new construction active year-round.
Building Code: California Building Code (CBC) and Title 24 energy efficiency standards.
Permitting: Permits are issued at the county and city level. Plans must comply with CBC requirements and local zoning before any permit is approved.
Key construction considerations in California include seismic activity zones, coastal weather exposure, and wildfire-prone hillside areas. Normandy’s underwriting team works directly with borrowers — you deal with the loan officer and underwriter, not a call center.
Contractor Licensing in California
California requires all contractors to be licensed through the CSLB (Contractors State License Board). Borrowers must verify the builder’s CSLB license number before construction begins.
Owner-Builder Note: California allows owner-builders to pull permits for a primary residence under B&P Code Section 7044, though restrictions apply on frequency and resale.
Loans Available in the Following States
- Alabama (AL)
- California (CA)
- Colorado (CO)
- Connecticut (CT)
- Delaware (DE)
- Florida (FL)
- Georgia (GA)
- Hawaii (HI)
- Iowa (IA)
- Idaho (ID)
- Indiana (IN)
- Kansas (KS)
- Kentucky (KY)
- Massachusetts (MA)
- Maryland (MD)
- Maine (ME)
- Michigan (MI)
- Missouri (MO)
- Mississippi (MS)
- Montana (MT)
- North Carolina (NC)
- Nebraska (NE)
- New Mexico (NM)
- New Jersey (NJ)
- New York (NY)
- Oregon (OR)
- Ohio (OH)
- Oklahoma (OK)
- Pennsylvania (PA)
- South Carolina (SC)
- Tennessee (TN)
- Utah (UT)
- Rhode Island (RI)
- Virginia (VA)
- Washington (WA)
- West Virginia (WV)
- Wyoming (WY)
Frequently Asked Questions — Builder Sold Loan in California
Q: What is a builder sold construction loan in California?
A: A builder sold construction loan in California is financing for a builder with a signed purchase contract. Normandy funds the build in draws; the loan is repaid when the buyer closes on the completed home. The 12-month term covers construction, with extensions available.
Q: How does a new construction mortgage work for builders in California?
A: A new construction mortgage in California through Normandy provides draw disbursements as work progresses. Interest-only payments on advanced funds during the 12-month term. Up to 75% of the contract price is available for conforming loan amounts.
Q: What home construction financing is available for signed-contract builds in California?
A: Normandy’s home construction financing in California for signed contracts offers loan amounts from $95,000 to $5,000,000. Full and limited documentation programs available. Cross-collateralization on other properties considered for greater amounts.
Q: What builder financing programs does Normandy offer in California?
A: In California, Normandy offers the Builder Sold Loan (for committed contracts), the Builder Spec Loan (for spec builds), and the Hiring a Builder Loan (for owner-occupant construction). See all programs at normandy.com or call 800-390-7536.
Q: What is a construction mortgage loan for builders in California?
A: A construction mortgage loan for builders in California is short-term financing covering residential construction costs. Draws are disbursed at milestones. Interest-only on advanced funds. 12-month term with extensions available. New builders are considered.