Lot & Land Loan Questions

We can do a lot loan in California for up to 80% of the purchase price of a vacant lot.  The lot should be less than 10 acres, although slightly larger parcels may be acceptable if in a subdivision of similar parcels, and vacant lots of similar size have sold recently in the area.  No structures […]

We can do a refinance of a vacant lot on Lot Loan Program #1.  There can be no cashout, so we can only refinance your current balance plus closing costs.  This also means no money for plans, permits or construction on a lot loan refinance, even if you are not walking away with cash.  A

There is no universally agreed upon distinction in the industry.  Our lot loan is generally a maximum of 10 acres.  We can go to 20 acres if the property is in a subdivision of similarly sized parcels, as demonstrated by recent comparable sales of vacant parcels.  On all lot loans, no structures are allowed on the property,