Owner Builder Home Loans
Owner Builder Loans to 80% of
Completed Value!
At last, home loans for owner builders are available
fo up to 80% of the completed
value for owner occupiers. Please note that this
is 80% of completed value, not 80% of construction
costs. This means that because of the great savings that
can be made by the Owner Builder, the lender may lend
close to 100% of the cost of the project! This of
course will depend on the valuation of the completed
property.
Up to now, banks would only lend about 50-60% of the
LVR for owner builders because in thew past building
cost for owner builders typically blew out and the owner
builder would have to go back to the lender for more
funds to complete the project.
Thanks to HBS (Home Building System), this is now a
thing of the past. HBS is a quality assured system that
gives you everything you need to successfully owner
build and obtain the level of finance you require. By
using the Home Building System you can borrow up to 80%
of the final valuation of land and building, giving you
access to borrowing power that previously was
unavailable.
The loans can be fully verified or Lo-Doc and are
available at competitive rates.
ABC Mortgages can help you with your owner builder
finance. Call us on 1800 108 004
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