| Testimonies - How it all works... This is where it really starts to get fun. “Without the assistance of Owner Built Homes I would not have achieved my life-time goal of building my own home. If your desire is to build something for yourself and family, then Owner Built Homes is the company you need. –Ted Fritsch” |  |
Owner Built Homes and another VERY HAPPY customer teamed up to build this home is Shakopee, Minnesota. The following table recaps the estimates and actual costs. | |
Construction Loan Closed $369,000 appraised value $295,200 estimated project cost (includes $16,000 variance) $0 cash down from borrower $0 cash paid at closing During Construction $0 cash paid by borrower $0 construction interest paid out of pocket (financed) Project Completion $369,000 appraised value $279,000 actual cost when finished 24% EQUITY! (that's $90,000 in bankable equity) = Eliminates mortgage insurance payments ($150 savings per month,) $295,200 estimated project cost with $16,000 variance $279,000 actual cost when finished $16,200 CASH BACK to homeowner at final closing Summary With Owner Built Homes you can build your next home with up to 24% equity the day you move in! We do it for our customers ALL THE TIME. We can do the same for you and your family. Just give us a call and see how simple it can be to get into your very own brand new custom home, with instant equity and even cash back. |
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