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Owner Builder Construction
Florida Mortgage Corporation offers an Owner-Builder construction loan. This is not a permanent mortgage and must be refinanced when the construction is complete. It's a short-term construction loan to build a primary residence, second home or rental property. The borrower can act as their own general contractor or they can hire one. An 'owner
builder' is a person who constructs his own home. The owner is required to
obtain the necessary building permits for the construction or renovation of the
home.
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