Lot Loan Prog. #1
5.00% on a 3/1 ARM (fixed 3 years)

3.874% 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
3.5%
@ 1.5 points.  15 Year fixed fully amortized.  

3.780% APR*   Available in 26 states.

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

Lot Loan Program #3
4.5% @ 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.

3.924% APR*    40 acres OK.

80% with 720 credit if the land or the lot has city water and sewer in the street, or well report and perc. test.   65% if raw land with no perc test or well report.

Middle credit score as low as 620, and 4+ years out of a BK, or Short Sale OK.

Lot Loan Program #4

5.75% @ 2 points, 3/1 ARM (fixed 3 years), 15 year amortization.

6.289% 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.