Lot Loans


Lot Loan Prog. #1
4.750% on a 3/1 ARM (fixed 3 years)

4.710% APR*

1 point

80% to $300,000, 75% to $400,000, 70% to 500,000, 65% to $750,000.  By exception above $750,000.

Lot Loan Program #2
4.875% @ 1 points.  15 Year fixed fully amortized.  NEW: 5 years out of BK, FC, Short Sale OK

5.214% APR*   Not available in all of California.  Call for current areas.

80% to $500,000   Refinances OK.

Lot Loan Program #3
4.375% @ 1 points on a 3/1 ARM (fixed 3 years), 30 year amortization, balloon payment in 6 years.  NEW:  Structures other than complete single family residence OK.

6.121% APR*    UNLIMITED ACREAGE AND NO MAXIMUM LOAN AMOUNT

75% if the land or the lot has city water and sewer, or well report and perc. test.   65% if raw land.

Middle credit score as low as 680, and 4+ years out of a BK, FC or Short Sale OK.

OTHER OPTIONS
CALL IF STRUCTURES ON THE PROPERTY

CALL IF RECENT BK, SHORT SALE OR FC FOR PRIVATE MONEY OPTIONS

CALL FOR BUILDER/DEVELOPER 50% DOWN ONE YEAR LAND ACQUISITION LOANS AT PRIME + 1%.

CALL FOR 75% LOANS WITH NO ACREAGE LIMIT

 

*APR (Annual Percentage Rate) based on $300,000 loan.