Do I need a general contractor for a self build loan?

We specialize in 12-month self build construction loans, also known as owner builder loans. 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.

What is an owner-builder construction loan?

Most landowners pay a large amount of money to have a general contractor come in and build the house for them. However, there is an alternative that gives you more control at a lower cost. This alternative is known as an owner-builder construction loan and may or may not be the key to creating your dream home. What Is an Owner-Builder?

What is a self build construction loan?

A self build construction loan is a specialty loan that borrowers use when they plan to build a residential home and act as the general contractor during the construction process. It’s also called a DIY home build loan or an owner builder construction loan.