“Client Wants to Build their own Home”

    “Client Wants to Build their own Home”



I have been doing construction loans for clients for a long time. From time to time I get a request from a client wanting to build their own home even though they are not a licensed contractor, but have some experience. This client did all the renovations in their current home over the last 10 years.


The client already owned the land. He and his wife decided on the plans for the home they wanted to build, then went to work getting all the necessary bids and finally a building permit.


Fortunately I have a lender that will allow someone to build their own home as long as they own the land, a perfect fit. They usually require us to do a pre-qualification for the end loan, but since we have done a number of transactions with them that was not a requirement.



I hope all is well.  I wanted to bring you up to date with regard to the status of returning the commitment letter to XXXXXXXX. Carol and I will be signing and returning the letter tomorrow, via overnight letter.  These folks were a delight to work with as you said they would be. We are so thankful for all your help. At what point do we start the application for the end loan?


  Image courtesy of Vectorolie/freedigitalphotos.net

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Joe Petrowsky, NMLS #6869

Right Trac Financial Group, Inc. NMLS #2709

110 Main St.

Manchester, Ct. 06042

Office: 860 647-7701 x116

Fax: 860 647-8940

Cell: 860 836-9294

Email: joe@righttracfg.com



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Joe Petrowsky does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.

Equal Housing Statement: We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing becuase of race, color, religion, sex, handicap, familial status, or national origin.

Comment balloon 5 commentsJoe Petrowsky • March 20 2017 02:37PM


You helped more people reach their dreams. Great job!

Posted by Kat Palmiotti, The House Kat (Grand Lux Realty, Monroe NY, 914-419-0270, kat@thehousekat.com) about 2 years ago

It's always rewarding to know you've helped someone with such a major life decision. Great job, Joe!

Posted by Nathan Gesner, Broker / Property Manager (American West Realty and Management) about 2 years ago

Good morning Joe. It is nice to have a source for construction loans as many lenders prefer not to do them! Enjoy your day!

Posted by Wayne Martin, Real Estate Broker - Retired (Wayne M Martin) about 2 years ago

Good morning Joe. This is a really powerful story and a nice one as well. Nice.

Posted by Sheila Anderson, The Real Estate Whisperer Who Listens 732-715-1133 (Referral Group Incorporated) about 2 years ago

For me I would want an experienced builder to do this on a flat fee but I am speaking as someone mechanically unsound.

Posted by Joe Pryor, REALTOR® - Oklahoma Investment Properties (The Virtual Real Estate Team) about 2 years ago