01 - 10-acre lot qualifies for this program without the need of a special exception by the lender. A 10. 01 - 20-acre parcel requires a special exception by the bank, and there MUST be comparable, closed sales of parcels of 10. 01-20 acres within the subject market area in the preceding 12 months from which an appraiser can obtain comparable sales data; 20. 01-acre or larger parcels - NO FINANCING OF PARCEL LARGER THAN 20 ACRES.
If you are a licensed, residential developer seeking to purchase multiple lots for spec home construction, please call for information on our available programs for developers. 533,000 (loan amount not to exceed 400,000) 720 mid-credit score for all applicants, and qualified credit history within personal loan details of all banks 7 years preceding 6 months of payment- equivalency reserves in qualified assets (retirement, investment, cash, etc call for specifics) 30 down payment lot land loan is required for: One lot land parcel (APN ) Maximum 5.
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You are urged to read and understand the terms of any loan offered by any lender, whether tribal or state-licensed, and to reject any particular loan offer that you cannot afford to repay or that includes terms that are not acceptable to you. The purpose of shorter duration loans is to provide the borrower temporary financial relief.
Such loans are not a long-term financial solution. Persons facing serious financial difficulties should consider other alternatives or should seek out professional financial advice. This website is not an offer to lend. WhiteRockLoans. com is not a lender and does not make loan or credit decisions. WhiteRockLoans.
Whatever your reason, we respect your privacy. Thus, we work with lenders familiar with your situation and are ready to help. Important Disclosures. Please Read Carefully. This service is not available in all states. If you request a loan in a particular state where such loans are prohibited, or in a location where WhiteRockLoans.
com does not have an available lender, you will not be connected to a lender. In some cases, you may be given the option of obtaining a loan from a tribal lender. Tribal lenders are subject to tribal and certain federal laws while being immune from state law including usury caps.