Build your dream home from the ground up
Construction and construction-to-permanent financing in California, Texas, Georgia, Tennessee, Oklahoma, and Idaho. Fund your lot, build, and permanent mortgage in one streamlined package — CDL Mortgage guides you from blueprint to keys.
Why CDL
CDL Mortgage Services Inc. is a full-service mortgage company focused on securing the best loans at the best rates. As an independent broker, we aren’t tied to one bank’s products — we shop multiple wholesale lenders for every construction loan to find the strongest pricing for your scenario.
Every file is handled start-to-finish by a licensed loan officer, not a call center. From fast pre-approval through underwriting and closing, you’ll always know exactly where your loan stands.
Requirements
General guidelines — final qualification depends on the lender, property, and your full financial profile.
Calculator
Estimates only. Mortgage insurance and HOA dues are not included. Your actual payment depends on your final rate, program, taxes, and insurance premiums.
How It Works
A construction loan funds a build in stages rather than all at once. You pay interest only on the money drawn, and the loan converts to or is replaced by permanent financing at completion.
Approved plans, a licensed general contractor, a line-item budget and a realistic timeline are required before underwriting begins.
The appraiser values the completed project from your plans and specifications.
Based on the lesser of total cost or a percentage of the as-completed value, with your land equity often counting toward the down payment.
Funds release in stages as work is inspected and completed — foundation, framing, mechanicals, finish.
You pay interest only on the outstanding balance, so early payments are small.
A single-close loan rolls automatically into permanent financing; a two-close structure refinances at completion.
Your Options
Ground-up, major renovation and small remodels each call for a different loan.
Honest Advice
Construction files fail on preparation, not on borrowers. Here is what actually matters.
The contractor is underwritten too. A strong, insured, experienced GC carries real weight.
Land equity often satisfies most or all of the down payment requirement.
A detailed budget with a 10% contingency is the single best predictor of a clean build.
Mid-build changes cost time and money and can require re-underwriting. Decide before you break ground.
Jurisdiction delays extend interest-only periods. We build that into your plan.
Very few lenders allow you to act as your own general contractor. Expect to hire one.
Questions
Funds are disbursed in draws as construction milestones are completed, with interest-only payments on the drawn balance during the build. When the home is finished, the loan converts to (or is replaced by) a permanent mortgage.
A single-close loan that covers the build and automatically converts to your permanent mortgage when construction finishes — one application, one closing, one set of fees.
Typically 10-20% of the total project cost (land plus build). If you already own your lot, its equity can often count toward the down payment.
Most programs require a licensed, insured general contractor with a track record. Some owner-builder options exist for qualified borrowers — ask us about the requirements.
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.
Find construction loans details for your city or county below.
Ready when you are
Same-day pre-approvals, dozens of wholesale lenders shopped for you, and one licensed loan officer from application to keys in hand.