Financing your Theisen Log Home is the same as other custom built homes. Most custom home buyers utilize conventional financing (bank, savings & loan, credit union, etc.). Our homes have been financed by FHA, VA. With government financing there may be some restrictions such as special thermal requirements or size limitations. Check with your local financial institutions for their specific requirements.

     A log home built for you by a contractor should cost about the same as a similar ,size and style frame home in your local area. Many contractors and realtors are willing to give you a square foot cost estimate for a particular style house (i.e., 1,700 sq. ft. single story ranch on full basement). In some areas, appraisals for well-built log homes receive a premium over frame construction because of anticipated life, less annual maintenance, and energy efficiency.

     While qualification requirements for a mortgage vary from one financial institution to another, historic standards set a maximum mortgage of 80-90% of appraised value of land and home. Financial institutions will usually require family income of 3.3 to 4 times the total monthly payment for mortgage, property tax and insurance. As an example, if appraised value of the developed lot and completed log home is $85,000, then a maximum mortgage of $68-76,000 would be supported by monthly family income of about $2,800 to $3,500. If on the same property a 70% mortgage of $59,500 was sought, monthly family income of $2,400-$2,950 might be required. Before making any home purchase commitment we recommend you check with your local financial institutions to determine your personal financial qualifications.