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Lot Loans Found the perfect piece of land to build your dream home, but not yet ready to break ground? Integra Lending’s lot loans make it easy to finance that special lot NOW, so you can Build What You Want, When You Want! Integra Lending’s Lot Loan programs provide outstanding financing options and the ability to convert your loan into a highly cost-effective single-close construction loan when you’re ready to build. Most of our Lot Loans are amortized for 30 years, which offer the lowest possible monthly payment, as well as the rate security against rising interest rates. Put down as little as 5% on “Fully Documented” loans, or 20% on “No Income Verification” products. We’re confident you won’t find a lower rate! Integra Lending offers: · FANTASTIC single-close construction loans allow you to finance the lot, construction & permanent mortgage into ONE closing, with only 1 set of closing costs! · NO Mortgage Insurance required on our lot loans! · Rate and Term REFINANCES available · Stated income lot loans · Full doc or stated income to $750K · Primary residence or 2nd home ·
Current Rates and specifics on our most popular Lot Loan: 5% Down- 8.750% / Min 700 Credit Score (1) (5) 10% Down- 8.375% / Min 680 Credit Score (2) (5) 15% Down- 8.250% / Min 680 Credit Score (2) (6) 20%+ Down- 7.750% / Min 680 Credit Score (3) (4) (6) 20% Down (Stated Income)- 8.0% / Min 680 Credit Score (3) (4) (5) *Rates as of 5/16/2007. Rates and terms subject to change without prior notice. Footnotes: (1) $400K Max Loan Amount (2) $500K Max Loan Amount (3) $650K Max Loan Amount (4) Loans > $650-750K Require 30% Down (5) Assets > 6 months lot payment required after closing (6) Assets > 2 months lot payment required after closing Loans are amortized for 30 years and have a 3 year balloon feature. Program is available for owner occupied, 2nd homes, and rental properties. Maximum of 10 acres allowed. No mortgage/rental lates allowed in previous 24 months. No history of bankruptcy allowed. Maximum seller credit towards closing costs of 2% with 20% or more down payment. Down payments of less than 20% do not allow for seller credits for closing costs. Lots need to be located in an improved subdivision with roads and utilities complete, or must have a Performance Bond in an amount sufficient to complete incomplete improvements. No Prepayment Penalty. Refinances allowed (no cash to borrower allowed). At INTEGRA LENDING, we’ve built our reputation on our experience and professional service. Named as one of Funding your loan is just the beginning of our relationship with you. We want you as a lifetime customer, not just a one-time deal! CALL TODAY FOR MORE INFORMATION! |
| Contact Us: | Phone: (888) 688-1020 | Email: jim@integralending.com | ||
| 900 W. Castleton Way, Suite 240 Castle Rock, CO 80109 | Copyright © Integra Lending. | ||