Before you begin building,
estimate your
owner-builder-home-construction-loan.
Next get your
100% construction loan
and then
sign a contract
with your sub-contractors

When you apply for your owner-builder-home-construction-loan, you'll need estimate bids from most all of your potential subs to take with you to the bank.

Until you get your estimate bids you can't get a loan. Until you get funding, you can't start building. So get started. right now, by getting those estimate bids from all your potential subs so you'll have them ready to take with you to the bank when you go apply for your construction-loan.

If you take at least 2 bids from 2 or more subs in the same categorie of work with you, you will show the banker you are serious and that you know what you're doing as you apply for a construction-loan. Study this website thoroughly so you'll know your job as owner/Builder (GC) and then talk "shop" with the banker. Let him/her (banker) witness that you know what you are doing.

Our Loan Officer admitted that even her best General Contractors didn't come with this much documentation. I never came across as "knowing it all", and I asked my Loan Officer for help whenever I needed to, and she was always willing to give suggestions.

First impressions are what last, so along with your plans take all your sub's estimate with you.

If your credit is good and you make at least $3000 a month,(this amount will vary, depending on your locality) and if you take estimate bids with you to the bank, 99% of the time you will be given a home-construction-loan if the bank is looking to make home construction loans.


MORE
....sign a contract with your subs
....HOW TO GET a 100% construction loan

NEXT
.... Make a list of your sub contractors

SEE
.... cost breakdown