Construction loan for an owner builderI'm looking for some advice / options for building a house from scratch. I have my eye on a nice piece a land that is currently on the market for about 60k with completed houses around it worth from 300k to 450k. I have done quite a bit remodeling a few bathrooms, kitchen, and other minor projects around my house for years. So I have the knowledge to do a lot of minor jobs around the construction of the house get some 'sweat equity' out of the house and also manage most of the jobs by lining up the contractors ordering material and doing whatever I can to save a dollar. Everything I have read indicates it is very difficult to get a construction loan without a licensed GC to run the job for me, but I wouldn't be able to afford to build the house I want if I have to pay their fee along with the contractors actually doing the work.I have about 30k equity in my current house and about 90k in my 401k that I can always take a portion as a 15 year payback loan for purchase of a house, plus 5k in cash available. What type of financing options do I have? downpayment requirements? Will I need a construction mgmt company?Thanks in advance for any advice,AndrewAugust 09 2011 - Greensburg0YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.