Get help every step of the way with these groundbreaking loans.
At cfsbank, we created the Owner Builder Mortgage for people just like you – folks who want to build their own home from the ground up. Thanks to many years of advising, directing and problem solving with owner/builders, we’ve developed relationships with a majority of local home building vendors. Count on us for all the support you need with these innovative loans. You’ll get help from planning and building to finishing and beyond.
Owner Builder Mortgage
Download Checklist for Owner Builder Construction Loan
Download Owner Builder Specifications
| Terms | Down payment equity | Rate** | Points | APR* |
|---|---|---|---|---|
| 15 Year | 20% | 2.875% | 1 | 3.124% |
| 20 Year | 20% | 3.125% | 1 | 3.327% |
| 30 Year | 20% | 3.250% | 1 | 3.410% |
* Annual Percentage Rate
** Best rate available at cfsbank.
Above APR’s assume a $100,000 loan amount for term stated. Monthly payment example: 360 monthly payments of $4.35 per $1,000 borrowed at 3.250% Interest Rate with a corresponding 3.410% APR.
| Terms | Down payment equity | Rate** | Points | APR* |
|---|---|---|---|---|
| 15 Year | 5% | 2.875% | 0 | 2.955% |
| 20 Year | 5% | 3.125% | 0 | 3.191% |
| 30 Year | 5% | 3.250% | 0 | 3.300% |
* Annual Percentage Rate
** Best rate available at cfsbank; credit history may affect your interest rate/APR.
Above APR’s assume a $100,000 loan amount for term stated with maximum LTV of 85%. Monthly payment example: 360 monthly payments of $4.35 per $1,000 borrowed at 3.250% Interest Rate with a corresponding 3.300% APR.