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Lot loans come in a variety of lengths, but few lenders offer them for more than five years. Your lot loan needs to be in place until the construction loan pays it off. Most projects can make it to the construction-loan phase within two to three years. If you think you’re going to take a long time to design your home or that you’ll need to save your money for a long time before beginning construction, then you may want to search for loans that last more than ten years.

How long it takes to begin the building process can vary wildly. The ultimate amount of time is based upon your local planning departments, how picky you are with your plans, how busy the current construction climate is, and many other factors. Figure out how long you think it will take and double it to be safe. Most of the delay factors will be beyond your control.