How To Build A Cheap Log Home

Did you know you can build a log home for less than $11,000? One man built the log home of his dreams for under $11,000! You can build a cheap log home, too. Here's how.

How To Finance Your Log Home

Log home lending is different for some banks than taking out a mortgage for a tract house or other conventional housing structure. Knowing what avenues to take when seeking log home financing will make your goals of obtaining a mortgage for your log home an easier, happier journey.

How Draw Schedules Affect The Financing Of Your Log Home

One of the biggest hang-ups in the process of finding a bank to finance our log home was the 'draw schedule'. The draw schedule is that unique timeline that spells out exactly when the logs themselves will be paid for, when the next installment of payments will be doled out by the bank, etc. It became difficult to get the bank and the log home company to agree on when the actual money would exchange hands. Here's how it went for us.

Log Home Financing (Or Lack Thereof) Halts Our Log Home Construction Plans

We qualify for the loans, but there just aren't enough log homes that have been sold recently around here for the banks to use as 'comps' in order to determine a fair appraisal value for our proposed log home. They're coming in way lower than we can build this log home for. And the banks won't budge.

How To Obtain Log Home Financing In The Midst Of A Mortgage Crisis... Here's What Worked For Us

Here I summarize our personal experience with log home financing, as well as provide information and tips that will hopefully help you finance your log home.

Now Is NOT A Good Time To Get A Log Home Construction Loan

This past Fall was a very difficult time for us to try & get a log home construction loan to build our new log home. There were several reasons for this -- all spelled out here.

Where We Are Now On This Log Home Roller Coaster Ride...

No, we haven't secured our log home loan yet. But the good news is... time is on our side. Because the mortgage rates have already come down since our previous closing date in October of 2007, and they are projected to drop even more in the coming months.

Log Home Lenders... A Few Things We Learned

We learned quickly that getting a loan for a log home is quite different than getting a loan for a traditional 'stick-built' home. Odds are, even if you qualify for a traditional home mortgage, you might not qualify right away for a loan to build a log home. When we were trying to obtain a loan to build our log home, these are the banks and mortgage lenders that we personally approached for a construction loan, and highlights from our experiences with each of them.