This Loans is:
6.875% @ 1.0 points, 15 year fixed fully amortized.
7.193% APR*
USE THIS LOAN FOR A PURCHASE OR A REFINANCE OF A VACANT LOT.
70% CASHOUT NOW AVAILABLE ON A VACANT LOT FOR THE FIRST TIME SINCE 2007.
70% to $750,000, 700+ middle credit scores. Full income docs. 50% to $1,000,000 but no cashout out if loan amount over $750,000.
Up to 25 acres. City water or well and city sewer or percolation test not required prior to closing.
AVAILABLE IN 26 STATES. CASH OUT ON A REFINANCE.
Not for builder/developers, LLCs, non-residential or multi-family zoning, or property that gets it’s value because it can be subdivided.
* Annual Percentage Rate based on $300,000 loan amount.