Be an Owner-Builder Homeowner
Searching for your dream home, but having no luck? In today’s real estate market, the demand for a single family home exceeds the supply available. Single family homes are often sold very quickly and for more than the list price. So, what should you do? If you buy a home now, you may be paying more than what the home is actually worth. If you wait for the perfect home, house prices and interest rates can go up. Another alternative Why not build your dream home from the ground up?
CU Network Services offers a unique Owner/Builder Construction Loan that will help you construct a brand new, custom home just the way you want it! This loan was specifically designed for those looking to build a new house or do some major home remodeling. Each Owner/
Builder Construction Loan is customized to fit your project.
Here’s what you need to know about our Owner/Builder Construction loans:
1. Knowledge of home construction is essential
For an Owner/Builder Loan, you, a family member, or a friend should understand the ins-and-outs of building a home. This is because you will act as your own general contractor, which will eliminate the need for a building contract with a bonded contractor and save you thousands of dollars.
2. You can build on vacant land or rebuild an existing home
If you’re planning to buy vacant land and then construct a new home or currently have a home that you want to tear down and rebuild, our construction loan may be the right fit for you.
3. You pay only interest during construction
Owner / Builder Construction Loans are usually short-term loans of up to one year with interest only payments during the construction process.
4. Our loans are processed and funded locally
This ensures you get the money you need in a timely matter so you can start building as soon as possible!
5. We’re here to help during the construction process
Our loan officers are here to help with continuous assistance throughout the construction process. We will provide you with quick turnaround times from start to finish.
Whether you decide to buy a home or build one yourself, CU Network Services offers an array of products to fit your needs. Our experienced home loan officers understand the process and obstacles of building your new home. For more information and to find out if an Owner/Builder Construction Loan is the right fit for you, call 529-4599 or visit our office at 681 S. King Street.