Lot Loan Program #1 90% Lot Loan to $200,000 loan amount with full income documentation, 6.625% fixed 3 years. 80% to $300,000, 75% to $400,000. No ratio lot loan 70% to $350,000 and 65% to $600,000.
Lot Loan Program #2 65% cashout or purchase, stated income/stated assets on rural/agricultural land with some agricultural activity or intent. 10 year fixed, 25 year amortization at 6.20% at 1.75% points.
Lot Loan Program #3 7.25%% at 1.50 points on a 30 year fixed (YES, 30 YEAR FIXED) for rural/agricultural land only. No acreage limit. No development requirements like sewer/street/utilities. Full doc.
Lot Loan Program #4 Prime + .5% at 0 points. 80% to $500,000 stated with 720 middle score. Larger parcels, even 30+ acres available if common for area as shown on appraisal with closed sales.
Lot Loan Program #5
Lot Loan Program #6 Cashout on improved or unimproved land in California at Prime + 1% @ 2 points. Up to 70% cashout with full income documentation (improved lot). Up to 65% stated income.
