Financing Your New Home Through Our Recommended Lender which offers an Owner-Builder Program.
Construction loans are 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 construction loan financing plans available through lenders that understand construction loan financing. 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 recommended 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.