Instant Home Equity - Owner Builder Program, build your own home


			When you apply for the IHE program, we will determine if you pre-qualify based on your income and credit history. Then, we will work together on a preliminary budget for your new home, which includes land, labor and materials. If you already have land- you are ahead of the game. Start searching for land in the areas where you wish to build. You can check the FAQ on ideas of where to start. Your Instant Home Equity representative will also assist you. You may choose one of the Instant Home Equity home plans, modify one of the IHE plans or select a plan from any other source.
	You find the subcontractors to build your new home, then finalize your comprehensive budget by obtaining actual bids.


	IHE will send out a certified independent appraiser to insure that the value of your new home will be greater than the loan you are asking for. This is what builds "sweat equity", which allows you to build a home with no down payment. After all previous steps are in order, Instant Home Equity will grant approval to start the construction of your new home. Once you have closed on your construction loan the building can begin. With the help of Instant Home Equity, you act as the general contractor; managing and overseeing the construction of your new home and making sure the job is done right. The more you participate, the more you will save! Many of our clients will paint and/or install insulation to save money. If you have framing, roofing, siding, plumbing or electrical skills, you can save even more! The Final Step- You move in and start enjoying life in your new home!

Toll Free: 877-386-3898 x-903

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