Owner Builder Loans AZ offers specialized construction loan and financing options tailored for DIY home builders in Arizona, USA. We understand the unique challenges faced by owner-builders and provide flexible financing solutions that traditional banks may not offer. Our process is designed to be straightforward, allowing you to leverage your land as a down payment and potentially include lot payoffs in the loan. We do not require you to hire a licensed general contractor, which can significantly reduce your overall construction costs.

Key Features and Benefits:

• Flexible Financing: Construction loans without the requirement of a licensed general contractor.
• Land as Down Payment: Utilize your existing land equity as a down payment.
• Unlimited Draws: Construction draws with no associated draw fees.
• Interest-Only Payments: Pay interest only on amounts advanced during the construction phase.
• Loan Increases: Options for loan increases to cover cost overruns.
• 12-Month Term: Loans with a 12-month term and no prepayment penalty.
• Loan Extensions: Availability of loan extensions.
• Refinance Assistance: Dedicated team to assist with smooth payoff and competitive wholesale interest rates post-construction.

Loan Requirements:

• Minimum Credit Score: 675.
• Down Payment: 30% to 50% of the borrowed amount, based on credit score, satisfied by project equity.
• Debt-to-Income Ratio (DTI): Maximum 38.0% of the loan amount.
• Loan-to-Value (LTV): Maximum 70%.
• Loan Amount: Must be sufficient to complete 100% of construction, with a maximum loan amount of $700,000.00.

Getting Started:

To begin your journey, simply fill out our short Qualification Questionnaire. This is for conversation purposes only and does not involve a credit pull. You will receive a response within one business day, including details on interest rates and loan costs. We are committed to guiding you through the exciting process of building your own home.

Contact Us:

• Address: 14301 N. 87th Street, Suite 105, Scottsdale, AZ 85260
• Phone: 480.933.6220 / 800.543.5600
• Email: [email protected]
• Website: www.ownerbuilderloans.com