Vacant Land Mortgage Loans
A Mortgage option to secure your home site or investment
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Vacant Land Mortgage Loans are there for potential home buyers are looking to purchase a home, they may also consider building one.
There's three types of vacant lands:
Raw land: This type of land typically doesn’t have access to utilities and has no improvements; it may not even be accessible by road.
Unimproved land: An upgrade to raw land, unimproved land (aka undeveloped land) may have access to some utilities but still lack others, such as a phone line or a meter for gas or electricity.
Improved land: Many buyers prefer improved land because it is developed with full utility and road access. While it’s the most expensive type of land.
All these types of vacant land types are mortgageable with our lenders (If the borrower qualifies)
Borrowers may purchase land as an investment for future building, or hold it as an investment for a higher return ROI (Return of Investment) Whatever the case may be a vacant loan/mortgage is needed.
More flexibility for the future home buyer in building their homes of their dreams.
Our lenders offer higher than normal LTV's (Loan to Values) than most in the industry.
Some Available Options:
- Interest Only Options Available
- No Points for Higher Creditworthy Qualified Borrowers
- Mortgage Terms up to 40 years
- No Prepayment Penalties Available
- Fast Closings (Bank Statement Loan Options available) Which means NO Tax Returns or W-2 Forms required.
- 60-day rate lock availability, once a specific property is identified.
- Various repayment options for the borrower
Keep in Mind The Power of a Wholesale Mortgage Broker!
- We Act As Your Mortgage Loan Shopper
- We Are Not Limited By A Banker Or lender's set loan menu
- We shop around for the best product choices for your situation
- We Provide Wholesale Pricing
Ask a Mortgage Professional about a One Time Close Mortgage Loan for your construction to permanent home build HERE
Ask a Mortgage Professional about the competitive priced Fix and Flip Mortgage Loans HERE
