What is a custom construction loan in Washington and how is it different from a standard construction loan?

Custom construction financing in Washington covers the full build cycle — from lot acquisition through final certificate of occupancy. It includes the land loan (or folds the lot into the construction loan), interim financing during the build, and the permanent takeout loan. This is a more complex product than a renovation loan or simple construction-to-perm — it requires working with a lender experienced in builder relationships, draw schedules, and inspection requirements. The result is a home built exactly to spec, financed in one coordinated process.