Colorado Owner Builder and Spec Home Loans
Are you a licensed contractors in Colorado looking for Owner Builder Spec Home Loans? Taylor Mortgage Group can assist you in securing licensed contractors that have been screened for your construction needs. Some lenders will accept the borrower acting as their own General Contractor provided the owner builder has verifiable experience in home construction.
Owner Builder and Spec Home Loans
Construction loans or owner builder loans for spec homes are available both as an owner occupied property and as an investment property.
The borrowers need only to prepare the site and foundation and the manufacturer will build, deliver, and set the home. Many owner builder loans that we offer are for Factory Built homes. Construction lenders find this financing attractive due to less risk and a shorter term of construction.
At the completion of the construction loan, Taylor Mortgage Group will match you and your project with the best source of permanent funding available. Working with several local and National resources we can provide a permanent loan for most transactions. Taylor Mortgage Group specializes in construction and construction to permanent loans.
Down Payment: The down payment can be as low as 20% depending on whether or not the property will be owner occupied or built to sell. We also have a zero down program that is offered based upon the credit package and the loan to value ratios. If cash is not readily available there are several different options that we can offer the lender for equity in lieu of cash.
Rates: Our lenders for the owner builder loans will usually not penalize the borrowers in rate. Remember that construction loan rates can change daily.
A pre-qualification can be handled by telephone. Please call us today at 303-339-5950 or use our online pre-qualification form to get pre-qualified for your home.
