This program is designed for borrowers in need of financing to purchase a residential lot. Residential lots must be eligible for the present or future new construction of a residential property. Construction financing is also available.

Loan Highlights:

  • Loan amounts from $35,000 to $1,500,000
  • Loan amounts up to 75% of the purchase price in improved subdivisions, where construction will begin soon after the acquisition, otherwise up to 65% loan to value.
  • Cross collateralization allowed on other properties, if needed, for maximum or greater loan amounts Term up to 18 months available.
  • Terms greater than 18 months will be considered with a lower loan to value Foreign Nationals eligible
  • Fast pre-qualification, typically within 3 – 5 business days, closing typically within 30 days
  • No minimum acreage requirements or maximum limitations
  • Available to Borrowers with excellent to less-than-perfect credit (subject to underwriting)
  • Residentially zoned land Limited income documentation available at 40% loan to value or less

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