Lot Loans

Lot Loan Prog. #1
7.5% on a 3/1 ARM (fixed 3 years)

7.875% 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
7.50%
@ 1.0 points.  15 Year fixed fully amortized.  

7.723% APR*   Available in 26 states.  Up to 20 acres.  City water, sewer, perc test, well report NOT REQUIRED

70% to $500,000, 60% to $750,000, 50% to $1,000,000.   Refinances OK.  

Lot Loan Program #3
9.125% @ 1 points on a 7/1 ARM (fixed 7 years), 30 year amortization.  NEW:  Structures other than complete single family residence OK.

9.377% APR*    50 acres OK.

65% with 680+ credit to a loan amount of $650,000.  City water, sewer, perc test, well NOT REQUIRED.

 

Lot Loan Program #4

7.75% @ 2 points, 3/1 ARM (fixed 3 years), 15 year amortization.

8.078% APR (Annual Percentage Rate)

75% with no loan amount limit.  Residential properties.  Zoning to 4 units OK.

OTHER OPTIONS
CALL IF STRUCTURES ON THE PROPERTY

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

 

*APR (Annual Percentage Rate) based on $300,000 loan.  Note that the APR is less than the note rate in most cases currently since most adjustable loans would adjust downward if adjusting today.