to 90% LTV maximum
Self-Build - Owner Occupied (No (GC) contractor license required)
LTV based on
Single Family Residence Only
Verification (stated) option available
From $75,000 to $600,000
Stick-built or modular homes only
No lot seasoning
- Detailing experience and ability to build a house
Borrower must have at least 5% (reserves) of cost to build
NO GC license required.
However, final approval is based on borrower's experience to build,
borrower's liquidity, and a review of the property itself. In some
cases, an "overseer" may be required.
This program is NOT designed
for the borrower who plans to do a majority of the work on "weekends"
and holidays, while holding down a full-time job.