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Owner-Builder Construction Loans |
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Build Your Own Home and Create Instant Equity. Most banks and mortgage companies will turn customers away because they are not using a licensed general contractor to build their home. But in North Carolina, Virginia, and many other states, a GC is not legally required if the home you are building is intended to be your primary residence. In the past, savvy individuals who wanted to build their new home themselves didn't have many options, until now.  LFS Home Loans offers agressive owner-builder construction loans with interest-only rates as low as at 4.99% (and APRs as low as 5.71). With an owner-builder program, knowledgable borrowers can build a homoe 5, 10, 20, even 30% or more below what the final appraised value will be once the home is complete. That savings means instant-equity for the borrower, no PMI, and great permanent mortgage rates.
Some of the great features of our owner-builder program include:
- No Income Verification!
- No Seasoning or Tracking of Funds Used to Close!
- No Asset Verification!
- No Reserve Requirements!
- No Debt Ratios Calculated!
- Owner Occupied
- Self Build. No Contractor Needed!
- Non Arms-Length Transactions and Related Builders Acceptable!
- Six (6) Month Construction Term with Three Month Extension Option
LFS Home Loans is so excited about this program that it created a special website just to showcase all of the details and guidelines. For more information about Owner-Builder construction financing and the various programs available, please visit For-Owner-Builder.com or contact LFS Home Loans in Cary, North Carolina. |
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Last Updated ( Thursday, 10 August 2006 )
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Construction 