Lot Loans
So you've found that perfect piece of dirt, now what? Here are your options:
Loan Products: *30/5 Libor ARM - 5 year Interest Only *30/5 12 MAT ARM - 5 year Interest Only *30/2 Fixed Rate - 2 year Interest Only *30/5 12 MAT P&I ARM Balloon *30/5 6-Month LIBOR ARM Balloon *30/2 Fixed Rate Balloon
Features: *Loan Amounts up to $1,000,000 *LTV's up to 95% *Full and Stated Income Doc Types *Decision Credit Scores as low as 660 *For future construction of Primary or Second homes *As little as 6 months PITI reserves *DTI Ratios up to 45% *Up to 50 acres
|