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.
“Dear Fred, Patsy & Everyone at OBL, thank you from the bottom of our hearts. We are Still in disbelief of your generosity. Thank you for your kindness to us and for making it possible for us to build our dream home. This dream started 10 years ago as a drawing on a napkin and now it is a reality. You all have been so enjoyable to work with and so helpful every step of the way. We are so thankful to all of you and if you are ever in our area please stop by. We would love to…”Read More Owner Builder, R.B. & L.B. and Family
“I strongly recommend Owner Builder for anyone who is looking to make their dream house a reality. Building a house can be a very stressful process; this is why you need a team that will come alongside you to ensure you do not miss a single step. Fred assisted with the initial loan approval & then handed my account over to Patricia & Madline who work in the office. The team explained the entire process & held my hand every step of the way. The draw process was easy as I was able to acquire funds when needed. When my…”Read More Owner Builder, L.R.
“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.
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