Estimate your payment
Use the calculator below to estimate the monthly principal and interest payment on a ground up construction loan. Adjust the loan amount, rate, and term to see how each one moves your payment.
Keep in mind that your full monthly payment also includes property taxes, homeowners insurance, and — depending on the program — mortgage insurance. For an exact, all-in payment quote based on today’s wholesale pricing, call (916) 624-0767 or start an application online.
Want an exact payment based on today's wholesale pricing? Talk to a licensed loan officer.
Estimates only. Mortgage insurance and HOA dues are not included. Your actual payment depends on your final rate, program, taxes, and insurance premiums.
Questions
Financing for building on vacant land — it can cover lot acquisition plus the full vertical construction budget. Funds are advanced in inspected draws against the builder\u2019s schedule of values, with interest only on the drawn balance.
Commonly 15–25% of total project cost. If you already own the lot free and clear, its equity often counts toward your required contribution and can reduce cash to close substantially.
Experience helps and drives your leverage. Newer builders can qualify with a licensed, insured, experienced general contractor, a realistic budget, and more equity in the deal.
You submit a draw request as each stage completes. An inspector verifies the work, then funds are released — typically within a few business days — so the build never stalls waiting on money.
Yes. A single facility can fund the lot purchase and the build, and can be structured to roll into a permanent mortgage or an investor rental loan at completion.
About Us
CDL Mortgage Services Inc. is an independent, full-service mortgage company. Instead of pushing one bank’s products, we shop multiple wholesale lenders to secure the best loan at the best rate for every borrower.
Purchase, refinance, and home equity — all under one roof, focused on the best loans at the best rates.
Based at 6524 Lonetree Blvd, Rocklin, CA 95765 and licensed in California, Texas, Georgia, Tennessee, Oklahoma & Idaho.
Every file is handled start-to-finish by a licensed loan officer who knows your name and your goals.
Fully licensed and regulated, with award-winning lender partnerships and 35+ years serving borrowers.