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We specialize in 12-month self build construction loans, also known as owner builder loans. We do not require you to hire a general contractor. Monthly payments are interest only and are calculated from the date of each draw. Upon completion, you will refinance through your favorite mortgage lender.
At Owner Builder Loans LLC, we offer a creative financing solution for individuals who desire to self build their own home by acting as their own contractor. This is the only type of loan we offer. 100% of our funds come from private investors, not the government.
The longer construction takes the more construction loan interest and loan processing fees you will pay which can offset any potential savings from using your own labor. Pay all monthly billing statements on time.
We believe we have the easiest and most flexible construction loan available! Whatever your scenario or question, we invite you to reach out to us and see how we might be able to assist you to start homebuilding or finish construction which has already been started.
Owner Builder Loans was not only willing to finance a much larger portion of the project than anyone else, they were happy to offer advice on how to make the process less expensive. Fred at OBL explained how the cost of financing would be less if I kept my loan duration short, so I did!
Learn how to stay organized, on budget, and on time with this comprehensive online course for owner builders. All graduates will be reimbursed the cost of this class when they receive a construction loan from Owner Builder Loans LLC.
All construction loan mortgage applications are subject to underwriting guidelines and approval. Additional conditions, qualifications, and restrictions apply. This is not an offer of credit or commitment to lend.
You need to find the best loan terms for your particular needs, and partner with a lender that specializes in owner-builder financing. You will also need to decide on the type of loan or loans you need.
Local authorities (city, county and state) should be consulted before undertaking a construction project, so it is important to understand their requirements before buying the land. What easement restrictions are needed or currently in place?
Construction draw requests are sent to draws@ownerbuilderloans.com or by calling (800) 543-5600, extension 102. You may order as many draws as you like and there are no draw fees.