Financing
Building with Equity, the UBuildIt/URemodelIt way makes financing so much easier and better than you would have ever dreamed!

Imagine what kind of rate you would get with twenty percent cash down?

Or how much more home you could afford if part of your payment didn’t have to go toward property mortgage insurance?

Did you know our lender will view your UBuildIt Owner Builder Equity just as if it was cash down?

Easier, more liberal lending terms. Better rate, better payment! You will be amazed at what we can do for you and the financial savings you will be open to with your UBuildIt Equity!

GET PREAPPROVED TODAY

UBuildIt has developed a long standing relationship with one of the nation’s best Mortgage providers.

Dalton Mortgage Group! And Dalton Mortgage Group (DMG) has developed a relationship with a National Bank who will provide UBuildIt clients Owner Builder financing for their construction loan and direct transition to a permanent mortgage

Conventional, FHA, VA and most all other lending options are available through UBI & DMG!

Even Remodel loans!

With one of the nation’s most aggressive lending portfolios we can even handle little to no down payment and credit scores in the low 600s.
As a matter of fact, please don’t let your perception of your credit or down payment limit you on what you think you can build or borrow.
Rather talk to your UBuildIt franchisee and/or DMG and let them help you to see just what all is possible!

There are more financing options and ways to achieve your goals than you would ever have thought possible! Give yourself a chance, heck give us a chance! Apply today, or just request a call with no direct application being sent.

We are here to serve you and to answer your questions. Congratulations in advance for finding out what Building with Equity can do to make your financing that much easier and better!!

Terms you need to know:

Construction and Permanent Loans

A construction loan is basically a short-term line of credit loan that pays off upon completion of the project when the loan is “taken out” in the form of permanent financing. The main thing construction loan lenders need to know is that you have a lender set to take out the construction loan in full upon completion of the project.

Draw & Lien Release

Draw is the periodic percentage of completion funding of the loan. Standard is two draws a month. Lien releases are legal protection from a subcontractor trying to request additional funding after having received payment. Lien labor laws tend to be very liberal in most states to protect the worker. Lien releases not only protect you, the owner-builder, but if handled correctly, ensure complete communication of amounts due relative to work prior to final exchange of monies. (Some lenders such as DMG include direct bill pay with your loan. They handle the draw request and manage lien release collection and monthly accounting reconciling to ensure proper payment of the bills and management of your construction loan. This service is available with other lenders—be sure to ask your UBuildIt consultant if you have any questions. The fee for such service is usually structured in as a part of you closing cost.)

Lot Loans 

Select a Lot loan to finance the purchase of a residential lot for future construction of your primary residence or second home. When you are ready to build, a lender can help you with your Construction-to-Permanent loan.

Bridge Loans

Don’t wait to sell your old home before building your dream home. You can access equity in your current home to use as the down payment on a Construction-to-Permanent loan.

Remodeler Loans 

Ask about a Remodeler Loan designed for the homeowner who is making a major improvement to their primary residence. This unique second mortgage calculates the value of the home by adding the value of the planned improvement to the home’s current value. You get immediate access to the construction funds at loan closing. That means more dollars are available to style your home.

Private Mortgage Insurance (PMI)

When your down payment is less than 20%, you usually have to pay for Mortgage Insurance, (PMI). This protects the lender in case you don’t make your house payments, they repossess your house, and they have to sell it for less than the amount left on the loan.

Now, find the local UBuildIt office and contact them about their lenders and how to complete that dream home of yours. Just click on the Locations tab to get started!

Other Lending Options

Your local UBuildIt franchisee will have other lending options available as well that are unique to your state and market so feel free to explore your options.
Also, You may already have financing lined up and prefer to stay with your preferred lender. If so then please do! Remember we are UBuildIt and we are construction consultants…we don’t make money from your vendors, so please use whomever you prefer! We are happy to work with any vendor of your choosing, including your lender!
You may want to procure your loan locally, your local UBuildIt office will gladly introduce you to local lenders with whom they already have a relationship.

Apply Now

Thank you for your interest. Please fill in all the information below so that we can quickly respond to your request.

Disclaimer

By submitting this form, you agree to the usage of your personal data in accordance with our Privacy Policy. You acknowledge that such data will be used for the purpose of fulfilling the request in which the form you are submitting is applicable. You also agree to the acceptance of occasional follow up communication(s) in response to this request, by email, SMS, phone and other electronic means. Message and data rates may apply. Reply STOP to end.

Your dream home, our experts, your instant equity.

Interested in becoming a part of our team? As a part of UBuildIt, you will get to coach homeowners and guide them through the entire process. Enjoy the satisfaction of seeing home building dreams come true and join our world class team today!