For those who want to take control of their home construction—whether as their own general contractor or by completing some of the work themselves—our Brokered Self-Build / Owner-Builder Loan offers a flexible and accessible financing solution. This program is designed to support homeowners and investors who want to build or renovate residential properties without hiring a full-time site supervisor.
Key Benefits of the Self-Build Loan
✅ High Loan Amounts & Generous Financing
- Loan amounts range from $95,000 to $5,000,000
- Finance up to 85% of the loan-to-cost or 85% of appraised value (for loans up to $806,500)
- Land purchase can be included, financing up to 75% of the lot price
- Cross-collateralization allowed on other properties to maximize loan amounts
✅ Flexibility for Builders & Investors
- Borrowers can act as their own General Contractor—no site supervisor required
- Available for owner-occupied and non-owner-occupied properties (call for details on investment properties)
- Foreign Nationals are eligible
✅ Credit & Loan Structure Options
- Loans available for borrowers with excellent to less-than-perfect credit (subject to underwriting)
- Interest-only payments during the construction period, based on funds advanced
- Available for 1–4 unit residential properties
Important Financial Considerations
When considering a self-build construction loan, a good rule of thumb—though not always required—is to have at least 20% of the total project cost (land + build) available. Additionally, lenders typically look for 10–15% of the total project price in reserves after closing. Borrowers with fewer liquid assets may find it more difficult to qualify, as adequate reserves provide a financial buffer for unexpected expenses during construction.
Rates & Fees
- Rates: Prime Rate + 2.75% to 3.75%+
- Loan Fee: 3.375% to 4.00%
- Application Fee: $295
- Fast Track Closing Fee: $1,250
- Underwriting Fee: $425
Available States
📍 Owner-Occupied Properties: CT, FL, NY
📍 Non-Owner Occupied Properties: Available in additional states—please contact us for details
Ready to Get Started?
To begin the pre-approval process, fill out our Loan Inquiry Form, submit a completed 1003 application.
Take the first step toward building your dream home—contact us today!
