100% Home Ownership Financing Program

We allow our members to act as their own general contractor & let them save thousands!! Imagine you could save $25,000 up to $70,000 on a home-building project. Equity Business Trust offers the most flexible home ownership programs, which offers our members the opportunity to save thousands of dollars acting as their own “General Contractor” in the building of their new home.  We do this by offering 100% financing on land, materials, labor, permits, fees, closing costs & NO payments for 12 months while you build. You have full control over your home-building project. You select any home plan you desire and we assist as Project Consultants in collaboration with one of our preferred construction companies.

How We Make Home Ownership Possible for You:  

• Without a large down payment or a perfect credit history, we can arrange financing the construction of your new home and your land purchase. 
• You keep construction costs low by acting as “project manager” and doing some of the work yourself. 
• Our home ownership program provides you with construction support throughout the process. Because of this, your finished home can be worth more on the market than it cost you to build it. The difference between what you spent and what the home is worth is "equity". 
• Equity can take the place of a large down payment, and then you can obtain permanent financing -- a mortgage -- from a bank or other lending institution. 
• You use the money the bank loans you to pay back the money you borrowed on your construction loan. 

100% Financing on Your Land 

• Getting a loan to buy land isn't easy. In fact, many lending institutions won't loan money for land at all. 
• Those that do, often require a down payment equal to half the land's value. That's money you could use to build your home! 
• As part of our home ownership program, buyers are not required to put any money down to buy or pay off their land. 
• Our unique approach of offering a combination package of land and construction financing is what will make home ownership possible for you. 

100% Financing for prospective and existing Home Owners 

• Financing land, materials, labor, permits, fees & closing costs. 
• Low construction rates 
• Competitive permanent rates 
• NO payments while you build!! 
• 12 month construction loans 
• 10/15/20/30 year fixed rate mortgages & adjustable plans 
• One-time closing ( construction to permanent loan all in one) 
• Land payoffs & purchases included in construction loan 
• 24 hour pre-approval 
• Sale of current home not required to start building 

The Main Advantages of our 100% Home Ownership Financing Program: 

We make it easy and convenient for you to pay for land, materials and labor for your new home. Once you qualify as part of our program, we can offer: 

• 100 percent financing on your land. 
• 100 percent financing on materials. 
• 100 percent financing on labor to build your new home. 
• 100 percent for closing costs, permits & fees. 
• Permanent financing*

Most conventional lenders require 5% - 20% down on full purchase price. 

• Example -- A $200,000 home: 20% = $40,000 down payment 
• Example, our Community Development Program -- $200,000: $0 down payment* 

 *Permanent financing available upon completion of your home, by various lenders. 

Financing the Construction of Your Home 

Our construction financing program offers our members these advantages: 

• Plenty of time to build their home 
• The funds they need to finance their land, materials and labor 

Permanent Financing 

• You've worked hard to build your new home. You've saved thousands of dollars by acting as the on-site project manager, eliminating the expense of the general contractor. Now you have equity in your completed home, equity for a down payment to obtain permanent financing. 
• You'll need a mortgage when your home is completed. 
• Our lenders want your mortgage business and can make a permanent mortgage available to you. But you also have the option of going to another lender. 
• We can offer you confidence, because once you've been accepted for a permanent mortgage with us you'll start your new life on firm financial ground.

Here's How It Works:  If you have.....

• A satisfactory recent credit history (about two years);
• A yearly income of at least $30,000.00;
• A strong desire to own a home and oversee the project
• A willingness to invest time and energy to achieve your goal;
• (if applicable) A bankruptcy discharged for 24 months. (No exceptions)
• A credit score of 620

..... then you're a good candidate for one of our finance programs described here.

Please contact us for all your finance requirements.