From
Cindy and Jarrett Moore, Las Vegas

Over $100,000 Equity with Less Than $1500 Out of Pocket!

Cindy Moore, and her husband Jarrett, of Las Vegas, had no previous building experience when she decided to enter our owner-builder program in January of 2003. She convinced her husband Jarrett to give it a try. They had just bought a terrific lot in a desirable area and called us to learn how our owner-builder financing program worked. After a little research, they decided to apply and were soon approved for a construction to permanent loan. They found a wonderful 3000 square foot home plan on an on-line plan site and began collecting bids from various subcontractors in the area. While they collected bids, we ordered an appraisal from a local appraiser. We worked with them to review the bids and fine-tune the budget. We soon had a total budget for land payoff, permits and all related building costs for $380,000. The appraisal for their chosen house plan, on their chosen land, came in at $492,000 - over $100,000 of instant equity by acting as their own contractor! In April of 2003 they closed on the construction to permanent loan. In December 2003, the family of four moved into their new home in time to enjoy the holidays.

From Cindy:
"We decided we had out-grown our current house and started shopping for land outside of town. It was tough to find anything in this area, but we did and quickly bought it with a loan from Jarrett's credit union. But the credit union wouldn't even consider lending us 100% of the construction costs and laughed when asked to be our own contractor. We figured we would have to use a builder and put a lot of cash down. One day, I was on line and found your website and read about the owner-builder program. I thought this may be the answer to our dreams. Jarrett had no idea what I was talking about and thought I was nuts when I said we should be our own contractor and build a house. I showed him the site and he said he would look into it. It didn't take long for him to warm to the idea and I thought it was great that I could actually choose exactly how we were going to finish the house. We didn't have to accept someone else's tastes, we could choose the exact house plan, the exact interior and everything. Then, when I found out we were going to do it AND save over $100,0000, I nearly fainted. It was a great experience.

From Jarrett:
"At first I didn't believe the program was for real. In fact, my realtor swore to me that there was no way it was legitimate, because she had never heard of it. I called CTPLoans and asked every question I could think of and decided that it was for real and could be done. My rep answered every question I had and gave me the confidence to do it. I'm so glad I did! We built our home in about 9 months and moved in with a ton of equity. Sure, there were a few headaches along the way. But nothing compared to the reward of building my family's dream home and saving over while $100,000 doing so. In fact, I could not have afforded to buy this same house from a builder. By GC'ing it myself, I saved the builder mark-up and was able to guarantee that we got the exact home we wanted. Thanks a million, or at least a hundred thousand!" 

If you would like to build a home like the Jarrett and Cindy:
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