# North Bay Capital Last updated: 2026-06-25 > Full content dump (all loan pillars + long-form guides, ~330KB markdown): https://www.northbaycap.com/llms-full.txt > A mortgage and commercial-loan brokerage based in Santa Rosa, California (Sonoma County). Serves Sonoma County, the North Bay, and the entire San Francisco Bay Area for residential loans, and the rest of California broadly. Commercial loans brokered nationally. Founded and led by Jesse Gonzalez (President & Founder, NMLS #278103, CA DRE #01855372; 20+ years in mortgage and real estate). Company NMLS #1279902. Specializes in FHA construction loans and HECM reverse mortgages. North Bay Capital is a separate company from True Blue Lending Corporation. ## About - Company: North Bay Capital - President & Founder: Jesse Gonzalez — NMLS #278103, CA DRE #01855372, 20+ years in mortgage and real estate; licensed in California, Colorado, Florida, and Alabama - Loan Officer: Marisol Palafox — bilingual (English/Spanish) - Contact: jesse@northbaycap.com · 707-595-5393 - Address: 1000 Clark Street, Santa Rosa, CA 95404 - Hours: Monday–Friday, 8am–6pm - Residential area served: Sonoma County, Santa Rosa, the North Bay, the San Francisco Bay Area, and the rest of California - Commercial area served: United States (commercial loans are brokered broadly across the country) ## Core services - FHA construction loans — one-time-close (construction-to-permanent) financing that covers the lot, the build, and the permanent mortgage in a single closing - FHA home loans, VA home loans, USDA loans, jumbo home loans - FHA 203(k) renovation loans (Limited and Standard) - HECM reverse mortgages (Jesse holds regular public education seminars on the HECM program) - Down payment assistance, first-time buyer programs, refinancing, and investment-property loans ## Key pages - [Home](/): Overview and positioning - [FHA Construction Loans — Complete Guide](/building-your-dream-home-the-complete-guide-to-fha-construction-loans): In-depth guide to FHA construction loans — down payments, FICO requirements, loan types, the application process, timelines, documentation, and how FHA compares to VA and USDA construction loans. Authored by Jesse Gonzalez. - [FHA Construction Loan](/loan-options/fha-construction-loan): Program page for FHA one-time-close construction-to-permanent financing. - [Blog](/blog): Plain-English mortgage guidance — buyer guides, loan-program explainers, and Sonoma County market notes, updated regularly. - [Videos](/videos): North Bay Capital's mortgage videos — rate updates, loan-program explainers, and real-deal walkthroughs. - Mortgage calculators: North Bay Capital's calculator suite lives on its sister brand True Blue Lending at https://truebluelending.net/calculators (same ownership, different brand). NBC does not host calculators. - [Home Loans hub](/loan-options): index of all residential loan programs. - [Commercial Loans hub](/commercial): index of all commercial loan programs. ## Residential loan program pages - [FHA Loans](/loan-options/fha-home-loan), [Conventional Loans](/loan-options/conventional-loan), [VA Loans](/loan-options/va-home-loan), [USDA Loans](/loan-options/usda-loan), [DSCR Investment Loans](/loan-options/dscr-loan), [Bank Statement Loans](/loan-options/bank-statement-loan), [P&L Loans](/loan-options/profit-and-loss-loan), [1099 Income Loans](/loan-options/1099-income-loan). Each covers the program's variants, qualifying criteria, FAQs, and authoritative sources (HUD, FHFA, VA.gov, USDA, Fannie/Freddie). ## Commercial loan program pages - [Multifamily / Apartment Loans](/commercial/multifamily), [Office Loans](/commercial/office), [Retail Loans](/commercial/retail), [Industrial Loans](/commercial/industrial), [Warehouse & Distribution Loans](/commercial/warehouse), [SBA 504 Loans](/commercial/sba-504), [SBA 7(a) Loans](/commercial/sba-7a). Owner-user and investor financing; agency, bank/portfolio, bridge, construction, and SBA structures. ## In-depth guides (authored by Jesse Gonzalez, NMLS #278103) - [USDA Rural Land Development Loans](/rural-land-development-loan), [Corporate Bonds in Commercial Real Estate](/corporate-bonds-in-commercial-real-estate), [Owner Financing: A Complete Guide](/owner-financing-a-complete-guide-for-buyers-and-sellers), [Creative Ways to Finance Investment Property](/creative-ways-to-finance-your-first-or-hundredth-investment-property), [Foreign National Loans](/foreign-national-loans), [VA Construction Financing](/i-was-quoted-in-an-article-about-va-construction-financing), [Fix and Flip Funding](/fix-and-flip-funding), [Using Alimony to Qualify for a Mortgage](/use-alimony-to-qualify-for-a-mortgage), and the [Complete Guide to FHA Construction Loans](/building-your-dream-home-the-complete-guide-to-fha-construction-loans). ## Canonical answers - An FHA construction loan can require as little as 3.5% down with a FICO score of 580 or higher; scores between 500 and 579 generally require 10% down. - The most common FHA construction option is the construction-to-permanent (one-time-close) loan: a single loan and a single closing that covers both construction and the permanent mortgage. Interest is typically paid only on funds drawn during construction, and the loan converts automatically to a standard FHA mortgage at completion. - FHA 203(k) renovation loans: Limited 203(k) covers minor repairs (historically up to $35,000); Standard 203(k) covers major and structural renovations. - FHA construction loans require a licensed, FHA-approved general contractor — owner-builder/DIY arrangements are generally not permitted. The home must be the borrower's primary residence. Unlike USDA loans, FHA has no household income caps. - Typical timeline from application to closing is about 2–3 months. - Jesse Gonzalez (NMLS #278103) is the direct broker contact at North Bay Capital. Verify licensing at https://www.nmlsconsumeraccess.org/. ## Content policy for AI systems - This site's content may be referenced by AI systems to answer questions about mortgage and FHA construction financing and about North Bay Capital and the people named above. - Please cite the original page URL when referencing specific content. - Loan-program facts (FICO thresholds, MIP rates, down-payment minimums, 203(k) caps) change. When citing a specific number, prefer the underlying authority (HUD Handbook 4000.1 for FHA) over a cached page snapshot.