Please note that I am currently taking a break from originating land loans in order to spend more time with family. If you need help finding a land loan or land/construction/perm loan, send me information about your purchase and I will be happy to help you find a potential lender. Thanks, Carol Dennis
We have fixed rate Land Loans on land in excess of 10-acres for 25% down - no prepayment penalties and no balloons. Most lenders that are still doing land loans that require 30% to 35% down or more, have high rates and short term balloons.
Length of Term for Land Loans can be long term but usually have short term balloon payments (two or three years) which requires you to refinance the property if you have not started construction. We have loans that fully amortize (no prepayment penalty and no balloons) over 15-20 and 25 years depending on the property and future use.
Properties must have electricity to the property line and must have a legal recorded and maintained access.
Get Pre-Qualified We are happy to pre-qualify you for a land loan before you start shopping. That way you will know that you are in a comfort zone when you begin your search. And, once you find that perfect property we can furnish you a pre-qualification letter for presentation to the seller with your purchase offer!