Florida Mortgage Corporation offers financing to help you build your own home.

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. Owner builders may: undertake all or part of the building works themselves, except in areas that require licensed tradespeople, such as electricians, plulmbers and roofing tilers contract out all or part of the work to appropriate tradespeople engage a supervisor to oversee the work. An owner builder does not contract a professional builder to do the complete task for them, but instead takes full responsibility for the tradespeople, their work and the risk that a registered builder would otherwise accept for the entire project.

  Up to 90% LTV maximum

  Self-Build - Owner Occupied  (No (GC) contractor license required)

  LTV based on appraised value

  Single Family Residence Only

  No Income Verification (stated) option available

  From $75,000 to $600,000

  Stick-built or modular homes only

  No lot seasoning required

  Resume required  -  Detailing experience and ability to build a house

  Liquid reserves:  Borrower must have at least 5% (reserves) of cost to build

  Other construction programs

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.

MORTGAGE PROGRAMS  -  CLICK HERE