Greene Homes Owner Builder Homes

How Our Program Works

Home Purchase Solutions for Your Future

GCH (Greene Custom Homes) is a facilitator of the American Dream...

We provide a comprehensive array of goods and services that allow you to own your own home with little or no down payment. Our program allows you to act as the Project Manager General Contractor, thereby reducing the cost to build your home and potentially build equity. This equity ultimately serves as your down payment and empowers you to gain access to home ownership.

GCH has formed strategic alliances with leaders in the lending and building materials markets. Each of these companies is responsible for serving you at predetermined milestones centered on their core business.

By allowing each company to guide you through the portion of your project for which they are best equipped, we ensure you are working with the most qualified individuals every step of the way.

What Does GCH Do?

Once you have received loan qualification, one of our home specialists will help you complete the paperwork necessary to get your project underway. This includes:

Helping you find a house to suit your needs

Selecting material specifications and color choices

Establishing a preliminary construction budget

Provide you with references of contractors in your area when available

Once your order has been submitted to GCH, our office staff will review your information and begin the process of coordinating your project with the lender and material supplier. We will:

Help you through the process of making plan modifications, or the customization and pricing of your own plan.

Assist and guide your interaction with the building department to ensure you meet local codes.

Provide forms management including the review and finalization all forms and ensuring the specifications you chose are represented within paperwork and forwarded to the appropriate material supplier.

What Does The Lender Do?

The lender will provide owner builder construction financing that will allow you to act as your own general contractor. You will be offered competitive interest rates and terms, financing of land, material, labor and closing costs, no payments during construction and generally a one-time close.
The lender processing your loan will:

Review income documents and underwrite file.

Order appraisal and title work.

Coordinate your final loan approval and construction loan closing.

Arrange for site/progress inspections.

Process draw request and disbursements to pay subcontractors.

Convert your construction loan to permanent mortgage at project completion.

Provide your final blueprints.

Provide materials according to final specifications. Assist you in the scheduling of your materials delivery.

Arrange for the delivery of your materials based on a mutually acceptable schedule.

Provide assistance and guidance for construction or technical questions.

Any builder will tell you a house is only as strong as the foundation on which it is built. At Greene Homes, we believe our customers are the foundation on which our program works. If you have the desire and the motivation to be your own Project Manager and work at making your home construction project a success, then you may have what it takes to be an GCH customer. Here are some of the items you will handle:

Obtain bids to substantiate preliminary budget.

Find land in a neighborhood where you want to live.

Choose a house design and options/upgrades to make this house your home.

Work with your building department to obtain building permit and identify code related items.

Select and schedule contractors and watch over their work through the completion of the project

Confirm and receive delivery of materials.

Submit draws authorizing payment for work completed.

Complete payment to subcontractors upon satisfactory inspection and completion of work.

What’s The Benefit?

The average GCH customer earns $30,000 - $40,000 in equity by participating in the program. For example, a 2,000-sq. ft. home, which appraises at $210,000 and cost $180,000 to build, will realize $30,000 in equity. You also have the option of performing aspects of the project for which you are qualified. This can potentially increase your equity. Or you can hire subcontractors for the entire project. Items customers typically chose to perform includes painting, drywall and trim.

Your participation and GCH’s access to quality materials, home building services and construction financing are the key. With 100% financing for land, labor, materials and closing costs, the average GCH customer invests less than $1,000 to get on the way to home ownership.

What’s The Catch?

Commitment. This process is not easy but it is manageable with our assistance However, you need to be motivated, organized and committed to getting involved in the process. Over the course of your project you will need to spend time overseeing the construction of your home and keep everything on schedule and within budget. This includes daily site visits and checking in on the progress on the weekend.

Along with your hard work is the normal risk associated with the construction process. Budget overruns, scheduling conflicts and unexpected construction issues can and do occur in any new home project. Being your own project manager means that you will need to work through these issues, but it also means you are in control of the planning and can help to avoid them.

But motivation can only do so much, if you don’t have the proper tools to get the job done, you won’t get very far. That’s why GCH has established its alliances with national lenders and leading members in the building industry to provide you with a complete package of services to help make your project a success.

What’s The Next Step?

By now you should be asking yourself, what’s my next step? It’s simple, invest $50 in your future, and find out if you qualify for our unique program.

The most important step is to ensure you qualify for the financing and determine a loan amount that you can afford. After you have been pre-approved, GCH will work with you to price various homes, find land and prepare a preliminary budget.

If you are not pre-approved, GCH will work with you and help you qualify at a later date. You may need to clean up some credit issues, pay down some debt or start with a smaller home. In any case, take the first step, invest $50 in your future and "Pre-Qualify" today.

100% Financing Details