Are you building your own home?
Acting as your own contractor?
Using your own labor?
We specialize in construction
loans for self-built homes
and self-built log homes.

Most banks do not provide self build construction loans to individuals building
their own homes. At Owner Builder Loans LLC, this is the only thing we do.
Our loans are structured to be the way you’d want them to be…
Owner/Builder friendly.

Now Servicing: Arizona, Colorado, Michigan, Texas and Virginia

Loan Features

Build your house - your way! This is the easiest and most flexible construction loan available for a self-built home!
You are free to purchase materials from your favorite suppliers.
You can hire your favorite subcontractors.
You can use your own labor
Build from your own house plans, not ours.
You do not have to hire a licensed contractor or project supervisor to qualify for our construction loan.
  • 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 $400,000. Larger amounts will be considered on a case by case basis.

Qualification Requirements

  • Our minimum credit score is 725. Lower credit scores may require a co-signer with an acceptable score. The co-signer is released after the construction loan is refinanced.
  • Our maximum debt-to-income ratio is 38%.
  • The construction loan amount cannot exceed 75% of your home’s future appraised value.
  • The minimum down payment is $35,000, or 25% of the amount you wish to borrow, whichever is greater. The down payment is always in the form of equity that you have in the land. Equity includes the current land value plus any out-of-pocket money you have paid or intend to pay towards construction. Another way to determine how much your down payment will be is to add the cost of the land to the cost of construction; multiply the total by 20% and this will give you the amount of the required down payment.


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.

Prequalification Questionnaire