Here's an interesting article from Coldwell Banker's US website on the process of buying building a custom home:

If you want a new home, but aren't interested in a cookie cutter subdivision, consider building your own custom home.

It's a "toss up" whether building your own home will be cheaper than buying one in a subdivision, said David Lupberger, a home improvement expert with ServiceMagic.com. A custom built home could run $100 per square foot, excluding land costs, he said, but up to as much as $300 per square foot with high-end finishes (excluding the cost of land).

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Have a look at this financing options sheet prepared by Emilio D'Aloisio, Mortgage Agent for Mortgage Alliance. Home Financing Options PDF Compare various downpayments, income requirements, and how these factors can change your payments.

1.) Find out if Home Ownership is Right for You

Renting vs. Buying

Buying a home is a big financial and lifestyle decision! Make your decision an informed one by taking a close look at the pros and cons of home ownership...

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