Home Loans for Owner Builders
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 home loan provider who will fund the amount you need.
There are a limited number of home loan providers who offer owner builder home loans and of those even fewer who offer owner builder home loans which provide enough funding to complete your project.
The average home loan to valuation ratio that owner builder home loan providers offer is 75% of the ‘hard costs’ which means the value of the land and the cost to construct the dwelling
These type of owner builder home loans provide a home loan 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 who can lend up to 80% of the end valuation of the property. We have gone into further detail below regarding owner builder home loans in general and also the HBS owner builder home loan.
Why it is difficult obtain home loans as an owner builder?
Owner builder home loans 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 home loan providers view owner builders as lacking experience in building or organising contractors hence most do not offer owner builder home loans.
These are some of the reasons that there are restrictions in place with most home loan providers 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 80% of an end value owner builder home loan we can assist.
By choosing either of these options 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 owner builder home loan 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 80% of the end value of the property.
This owner builder home loan is a great option for first time owner builders as the HBS owner builder home loan provides an end to end process where HBS are involved in on site inspections, payment processing for contractors, compliance and advice on your owner builder home loan and construction throughout the entire process.
Why not contact one of our owner builder home loan consultants about the HBS owner builder home loan.
How do I obtain my Owner Builder Home Loan?
Simply contact us and one of our owner builder home loan consultants can guide you through the owner builder home loan options available.
Our owner builder home loan 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 an owner builder home loan works.
Contact us to find out more about owner builder home loans.
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