How Construction to Permanent Financing Works
Owner-builder construction loans are even more elusive in a bad economy. However, we understand that an owner-builder has a very personal interest in building their own home in order to save a substantial amount of money on labor while creating instant equity. Many estimates indicate that an owner builder can save up to 40% of the price of a house if they build it themselves.
In addition to the savings created by building the home themselves, these homeowners also have the satisfaction of building their own home and making certain it is done correctly and to their satisfaction. With the savings created by owner building, the homeowner will also have a lower payment due to a smaller mortgage.