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Mortgage Grapevine

How long does new construction take?

I have someone approved for a new construction loan. Their loan commintment is good through Sept. 5th and then I would have to update everything. The builder is getting the septic design done now then has to apply for the permits from the town to start building. Do you guys think that that this house can be up by Sept. 5th with occupancy permit in hand? It's a 1700 square foot colonial with no garage. I'm new to new construction and hoping that some of you might have an idea as to generally how long this process is. The builder has said that he wants to get paid so he's going to move quickly.
by afieldwest1210 June 16, 2009 10:38 AM


Typically, it takes 3-6 months for a home to go up. It's June 16th now, so if they haul ass and don't work on any other projects, they could possibly have it up by your deadline. Shouldn't be too much of a delay in getting the permits.

Inspections performed by the local zoning office at various phases throughout the project may hold you up a bit, depending on where you are and how busy THEY are.

You'll also want to keep on the builder with landscaping and all to make sure that will be complete by your deadline as well.

It can be done! Sounds like you have a motivated builder.

Good luck with your project.


by ICD's No. 1 Groupie June 16, 2009 10:43 AM


how long is permit process ?

by MikeM-NJ June 16, 2009 10:45 AM


Your builder will never make it.


by TennesseeTuxedo June 16, 2009 10:45 AM


Well, aren't we a ray of sunshine this morning? ;-)

It's gonna be tight for sure.

Your builder will never make it.
by TennesseeTuxedo June 16, 2009 10:45 AM


by ICD's No. 1 Groupie June 16, 2009 10:49 AM


Be prepared to update the file. Completion in less than 90 days is not likely.
by Snapper June 16, 2009 11:11 AM


Sorry Groupie but remember, I used to build houses too.


by TennesseeTuxedo June 16, 2009 11:38 AM


Sorry Groupie but remember, I used to build houses too.


by TennesseeTuxedo June 16, 2009 11:38 AM

Igloos don't count.
by BigHappy June 16, 2009 12:23 PM


afieldwest1210,

Are you doing a construction loan? It sounds more like you're financing a spec house.

Either way, forget about being done that fast. Every construction loan I ever did took longer than expected. I used to do quite a few.
by Ski June 16, 2009 12:35 PM


It's a USDA loan. The house and land are being sold together as a builders package.
by afieldwest1210 June 16, 2009 1:34 PM


In NJ - might take 3 months to get permits in place.

by MikeM-NJ June 16, 2009 1:45 PM


Add 50% to the final costs....add 50% to the expected time table....add 50% to your expected fees.....Then prepare to close a week after that and you should be in the neighborhood.
by csanders1962 June 16, 2009 3:36 PM


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