Today LFS Home Loans of Cary, North Carolina announced the guidelines of its exciting Owner-Builder Home Construction Financing Program. The Owner-Builder program allows savvy individuals to get great interest-only financing (as low as 4.99%/5.71 APR) for the construction of their new home. Borrowers can build without hiring a licensed general contractor, and save thousands of dollars. Many owner-builders have 15%-20% or more equity in their home by the time construction is complete.

We received an e-mail today thanking our office for our support of Hurricane Katrina relief efforts. We are still working to give more, as we are donating an additional $100 for each first lien mortgage that closes and funds this month.

LFS Home Loans is proud to support the Hurricane Katrina Relief Efforts by donating to the Southern Baptist Convention -- Disaster Recovery fund. LFS Home Loans chose to give to SBC Disaster Recovery because 100% of all money contributed goes to relief efforts. Unlike some other charities, the Southern Baptists' overhead is not paid by donations to the relief effort, but rather continuous monetary and volunteer support by member churches.

As of 10:30am eastern time today, the Southern Baptist Convention's North American Mission Board has served over 2 million meals to displaced citizens affected by Huricane Katrina. The board has also provided more than 12,000 showers, and completed more than 2,192 loads of laundry for affected citizens.

Eligibility for Free Annual Credit Reports opened yesterday for East Coast States and all U.S. Territories. As of September 1, 2005, regardless of your location, all U.S. citizens are entitled to receive a copy of their credit report once each year from the three major bureaus.

The thoughts and prayers of the LFS Home Loans Team are with those devastated by Hurricane Katrina, and the volunteers who are desperately trying to help. This morning, LFS Home Loans donated $500 to disaster relief efforts by the Southern Baptist Convention and is pledging to also give $100 for every loan that closes and funds in the month of September.

LFS Home Loans announced the winner of its Gas Grill Give-A-Way contest that occured during the Waverly Day event on June 18th. The Humphrey Family of Apex, North Carolina won the grand prize. Mrs. Humphrey entered the drawing at the LFS Home Loans display on Saturday. The stainless steel grill was 50,000 BTU's and had 700 square inches of cooking surface along with a side burner.