Guide
If you wish to apply for a log home loan you’re at the right place. When you are ready to apply for your log home loan, all you have to do is complete the application and send us your personal financial statement. We offer short term mortgage loans for conventional framed houses, spec homes, duplexes and for your log home loan as well. We will issue you a conditional approval letter that will contain the conditions, the interest rate and the costs in approximately two days. This way you will know ahead of time exactly what is needed to close your log home loan package. We specialize in residential construction loans. Unlimited draws and no draw fees have made us the leading choice for financing for over 20 years. We do not sell blue prints, materials, labor or advice. We have the easiest, most flexible construction loans available to help you save money as you build your house. Please feel free to contact us at (800) 543-5600 for more information and we'll be happy to answer all of your questions on mortgages, rates and closing costs for any type of construction loans. Many of our customers are building a home for the first time, so we are very familiar with your concerns and needs about obtaining construction loans. We have been providing owner builder construction loans for over 20 years. Nowhere else in the industry will a customer find easier, more flexible owner builder construction loans. The originator refinances when it is complete because we don’t provide permanent mortgages. Once the borrower requests draws for drywall, we automatically notify the originator to begin processing the final mortgage. We don’t sell blue prints, materials, labor or advice. We just have the easiest, most flexible owner builder construction loans available for conventional, kit or log home construction financing. We offer short-term owner builder construction loans for home and investment needs. With a new home construction loan you can act as your own general contractor to build a house for personal use, resale, investment or rental property. Our new home construction loan has a variable interest rate starting at Prime +2. Terms are 6 months with no pre-payment penalty and we also offer extensions. With a new home construction loan we offer unlimited draws. All draws are ordered by mail or fax and mailed directly back to you, usually the same day. And the great part, there are no application or draw fees. After the completion of the building, you are free to refinance your new home construction loan with any other lenders. Our owner builder financing loan application process is very simple. When you’re ready to apply for your owner builder financing, simply complete and send us a construction loan application and a personal financial statement. We will then issue you a conditional loan approval letter that will contain the conditions, the interest rate and the costs in as little as two days. Now you will know exactly what is needed to close your owner builder financing loan; if not we’ll be happy to answer all of your questions. Many of our customers are constructing a house for the first time, so we are very familiar with your concerns and needs. Please don’t hesitate to call us at (800) 543-5600 with your owner builder financing questions. We specialize in residential construction loan services and our unlimited draws and no draw fees have made us the leading choice for residential construction loan financing for over 20 years. We do not sell blue prints, materials, labor or advice; we just have the easiest, most flexible residential construction loan available to help you save money as you build you own home. Whether you are building a home for your own use, for investment, or for rental or resale, our construction program is designed to make your building project easier. Our owner programs include, conventional, kit or log home financing, and allow you to self build or hire a contractor to build your home. To find out more about our residential construction loan programs call (800) 543-5600. If you want to build your own home; our loan programs are available, even if you have no prior building background. Acting as your own general contractor to build your own home for personal use can generally save you a lot of money over a builder’s price, no padding by an unscrupulous contractor. Interest rates for those who want to build your own home are variable. You will have the power of unlimited draws, no further applications or draw fees, freedom to refinance with any other lender of your choosing and with the fear of having any prepayment penalties for paying off your build your own home loan early. As an owner builder construction loan services; we have designed our owner builder construction loan programs with features that allow you to pay for services right away or over time. Be sure to let your suppliers and subcontractors know that your owner builder construction loan will allow you the luxury of paying them upon completion of their work and with this option in place it allows you a better position to negotiate cash discounts and faster service on your home. In the home building industry, it is uncommon for a tradesperson or suppliers to get their money from the contractor the same day so when you plan to build your next house, call us to get your owner builder construction loan financing program started. If you need a construction loan, then you have come to the right place. Here at Owner Builder Loan Service we offer a construction loan to those individuals with plans to build a home themselves, those individuals who plan to use a general contractor instead of doing it themselves, and for building spec homes and building rental properties. We do loans for conventional, kit or log homes. We’ll help you save money as you build your dream house through our easy and flexible construction loan programs. When no one else will give you a log home construction loan, Owner Builder Loan Services will make your cedar log home construction a reality. Our building mortgages cover all types of conventional, kit or log homes. We have the easiest, most flexible log home construction loan programs available that will help you save money and time as you plan to build your next home. If you need a log home construction loan, just visit our web site at www.obls.com, phone toll free 800-543-5600, fax 734-677-3333 or e-mail loan@obls.com for more information on our log home construction loan programs.
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Owner Builder Loan Services 2035 Hogback Road, Ann Arbor, Michigan 48105 Phone: 734-677-3000 Fax: 888-855-6625 E-mail: loan@obls.com Toll Free: 800-543-5600 © 2004, Owner Builder Loan Services
