Construction Loans

Financing Your New Home Through Our Owner-Builder Program.

Financing is the foundation of the owner-builder plan. That's why we're providing this special section that spells out the "nuts and bolts" of the financing plans available. Please read it carefully.

A Review of How Owner-Builder Programs Make Home Ownership Possible for You Right Now

• Without a large down payment our lenders can finance the construction of your new home and your land purchase.
• You keep construction costs low by acting as project manager and doing some of the work yourself.
• Our owner-builder program provides you with construction support throughout the process. Because of this, your finished home can be worth more on the market than it cost you to build it. The difference between what you spent and what the home is worth is "equity".
• Equity can take the place of a large down payment, and then you can obtain permanent financing -- a mortgage -- from a bank or other lending institution.
• You use the money the bank loans you to pay back the money you borrowed on your construction loan.

Financing Your land

• Getting a loan to buy land isn't easy. In fact, many lending institutions won't loan money for land at all.
• Those that do, often require a down payment equal to half the land's value. That's money you could use to build your home!
• As part of our owner-builder program, buyers are not required to put any money down to buy or pay off their land.
• Our unique approach of offering a combination package of land and construction financing is what will make home ownership possible for you.

The Main Advantages of Owner-Builder Financing:
Financing Basics

We make it easy and convenient for you to pay for land, materials and labor for your new home. Most conventional lenders require 15% - 20% down on full purchase price.

• Example -- A $200,000 home: 20% = $40,000 down payment
• Example, our owner-builder program -- $200,000: $10k down payment*

BuildMax offers construction loans with as little as 5% down.

*Permanent financing available upon completion of your home, by various lenders.

Financing the Construction of Your Home

Our construction financing program offers you these advantages:

• Plenty of time to build your home
• The funds you need to finance your land, materials and labor

The Power to Change Your Life. Unique financing plans make your new home possible.

The financing is available through a variety of nationwide lenders. You receive the financial support you need to build your home and save on construction costs.

You and your New Home Consultant work together not only to get you a construction loan, but also to position you for competitive, permanent financing once your home is complete. The plan works this way:

• Land -- You may already own the land you want to build on. If you don't, BuildMax will help you find financing, for up to 95 percent of its value.
• Materials -- We represent lenders that will finance the cost of the materials needed to complete your new home.
• Labor -- Our lenders will finance the labor costs for subcontractors you select.
• Equity -- The most important feature of owner-involved-building programs. Since you're the project manager, you can save thousands of dollars by eliminating the expense of the general contractor. So, by following the owner-involved-building plan, your completed house should be worth more than it cost to build. That difference between what your house is worth and what you owe on it is called "equity." We call it "sweat equity," because you earned it yourself. And it's your "sweat equity" that's your key to permanent mortgage financing.

Permanent Financing

• You've worked hard to build your new home. You've saved thousands of dollars by acting as the on-site project manager, eliminating the expense of the general contractor. Now you have equity in your completed home, equity for a down payment to obtain permanent financing.
• You'll need a mortgage when your home is completed.
• Our lenders want your mortgage business and can make a permanent mortgage available to you. But you also have the option of going to another lender.
• We can offer you confidence, because once you've been accepted for a permanent mortgage with us you'll start your new life on firm financial ground.

A Win / Win Alliance: We succeed only when you succeed

With our know-how and your work on the building site, we both succeed. You get a quality house. You get into home ownership sooner rather than later, so you can take advantage of all the potential financial benefits right away (e.g., potential tax advantages and building of equity, etc.). And you start sharing in the American dream.

And BuildMax? We feel we are successful only when you've completed your home and obtained a mortgage.

• give you the support you need to get the job done right
• help you select and build a quality home you can afford
• help you follow a plan that, in most cases, makes your finished house worth more than what you spent to build it.

Start Your New Life

The day you unlock your own front door for the first time, you and your family will begin to enjoy the spaciousness, privacy, freedom and economic security that only a home of your own can provide. And you'll take pride in the fact that you took control, went to work, and achieved your dream. And you should be proud because, with BuildMax, you are the real key to a home of your own.

Don't let another day go by without starting your journey toward a home of your own!
 
Owner-building programs: Many years of helping hard-working people access the home they need at the price they can afford.

 *95% financing may not be available in all states or circumstances. **BuildMax provides no guarantee of equity for any particular situation or for particular customers.

Up to 95% Financing* for Owner/Builders

• Financing land, materials, labor, permits, fees & closing costs.
• Low construction rates
• Competitive permanent rates
• Owner/Contractor; no license required
• NO payments while you build!!
• 12 month construction loans
• 10/15/20/30 year fixed rate mortgages & adjustable plans
• One-time closing ( construction to permanent loan all in one)
• Land payoffs & purchases included in construction loan
• 24 hour pre-approval
• Fast closings
• Sale of current home not required to start building

Financing in 49 states