If you must ask how to do this it is probably something you shouldnâ€™t do, not being flippant, just sharing my experience. I have closed thousands of end loans on new construction most were build to suit. Can count on one hand the number that were single-close or owner originated construction loans. The first problem is this implies you are building your own home, who is responsible if something goes wrong during the construction phase? Do you sue yourself?
It isnâ€™t impossible, and considering the size of the loan most LOâ€™s will be interested in the end loan. But it isnâ€™t as easy as you may think if you have not done it before. If you have built several homes as a contractor then ignore me, if not do some research. Seek out others that have done this and get their input. Also know that the end loan requires cost certification because there is no sale price when you build it yourself.
Now, if you are using a builder and they canâ€™t get a construction loan, that may or may not be a signal that they are not the right builder to be doing this for you. Not saying it is a deal breaker, just requires a little more research. I have seen it all, where new construction is concerned, if my comments raise more questions for you my profile contains my phone number. I am not soliciting your business, not even licensed in your area so all you can get from me is general answers about how the business works and pitfalls to avoid. Good luck,