We specialize in 12-month construction loans for self built homes. 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. There is no pre-payment penalty.
To get started, simply fill in our Qualification Questionnaire. We will then reply with our free evaluation including loan costs and application instructions.
Loan FeaturesBuild your house - your way! This is the easiest and most flexible construction loan available for a self-built home!
- No application fee and no credit report fee. This means you can find out if you qualify, and if you do, what the conditions and terms will be without incurring any charges.
- Our construction loans are for 12 months with no pre-payment penalty. Extensions are available. Upon completion you will refinance through your preferred mortgage lender.
- Unlimited draws are provided with no draw fees, or inspection fees.
- Construction draws can be ordered up front prior to completion of work. They are then mailed to you to deposit into your checking account, usually within one business day. From there you will pay your suppliers and sub-contractors.
- It’s ok if construction has already started.
- Loan amounts up to $500,000.
“My in-law’s rent was going up and up and my wife and I couldn’t find affordable housing for them. I’ve been a builder my whole life and we had some money set aside, so building a small house for them seemed like a great plan. Unfortunately, I couldn’t find a bank willing to finance it. They all seemed to want me to finance 90% of the project before taking their cut. 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…”Read More Owner Builder, T.W.
“Being able to build our house through you guys (OBL) was stress free. Any time we had a question we always received an immediate answer or response from you. You guys were beyond helpful, professional, and personable. If we build another house we wouldn’t go through anyone else. We would highly recommend you to anyone else looking to build their dream house.”Read More Owner Builder, J.B. and J.B.
“Owner Builder Loans, LLC., were great to work with! We spoke with Fred and then Miles before securing the loan. The online process was easy, and everything was explained very well. One year later and we are LOVING our dream home. We are so thankful to have found a place that would work with us as owner builders. Highly recommended!!”Read More Owner Builder, D.M. and J.M.
When we decided we wanted to build our house, we first began to work with a contractor. However, the contractor’s estimates kept increasing and he wanted to alter our floorplan significantly in order to keep costs down. We were thankful for Owner Builder Loans. They were so easy to work with. They walked us through the process of setting up an estimated budget and draw schedule. We would absolutely recommend Owner Builder Loans for any family building their own home.Read More Owner Builder, S.K. and K.K.
How would you like to find out if you prequalify?
There is no obligation and takes only a minute.
This questionnaire is for conversation purposes only. It is not an application and will not enable us to pull your credit report.Qualification Questionnaire