|
Are you an Owner Builder and looking to find the right Owner Builder Home Loan, then AussieWise can help?
There are Lenders on our Panel that can provide you with the appropriate Owner Builder Home Loans which will suit and cater for your needs.
Owner Builder Home Loans Overview
When it comes to an owner builder home loan it is often difficult to find a lending institution that will fund the amount you need.
There are a limited number of lenders who offer this type of product and of those even fewer who offer a product which provides enough funding to complete your project.
The maximum lending ratio that owner builder home loans provide is 75% of the end value but not to exceed 'hard costs' which means the value of the land and the cost to construct the dwelling.
This type of owner builder home loan provides a solution for those who have existing equity in their land and can therefore use this equity to fund the gap between what the home loan can provide and the total cost to construct.
AussieWise Finance group have two preferred owner builder home loan providers who can provide home loans up to 75% LVR and we are experienced at providing the right information to help make the process of obtaining an owner builder home loan as smooth as possible.
We also have the ability to provide a unique owner builder home loan through HBS which is the Home Building System.
The HBS owner builder home loan is the only owner builder home loan provider which provides a step by step instruction kit and also offers you access to a number of licensed and qualified builders.
Further to this, HBS also offer you the option of purchasing raw materials at a discounted rate which can save you up to 30% if you were to purchase them directly.
Why it is difficult to obtain a home loan as an owner builder?
Owner builders are often viewed by traditional home loan providers as 'high risk' as there is a chance that building costs may blow out as compared to a fixed price building contract.
In addition to this the majority of lending institutions view owner builders as lacking experience in building or organising contractors, hence most don't offer a product for owner builders.
These are some of the reasons that there are restrictions in place with lending institutions who offer owner builder home loans.
How can I obtain the owner builder home loan I need?
Depending on whether you have equity in some land or you require a full 75% LVR we have an owner builder home loan to suit.
Depending on your circumstances and unique financial position we can help you in constructing your own home with an owner builder home loan so why not contact us and speak to one of our consultants.
What is the Home Building System for Owner Builder Home Loans?
The owner builder home loan which HBS offers is unique as it offers up to 75% of the end value of the property which is not to exceed the hard cost. Hard cost simply means the cost of the land and the cost to construct.
This product is a great option for first time owner builders as HBS provides an end to end process where HBS are involved in on site inspections, payment processing for contractors, compliance and advice on your construction throughout the entire project.
Why not contact one of our about the HBS owner builder home loan.
How do I obtain my Owner Builder Home Loan?
Simply contact us and one of our consultants can guide you through the options available.
Our consultant will ascertain which owner builder home loan may suit your needs best and discuss the details with you so you have a thorough understanding of how the process works.
 |
Other Useful Links within our site: |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
Useful Sites as a point of reference: |
| | | | | | | |
 |
| 
