|
Lot Loans
Lot loans are perfect if you want to secure your lot but aren't ready to build right away.
Construction of your dream home usually begins with the acquisition of a lot. Our One Time Close loan allows you to purchase the lot and begin construction immediately. However, our lot loan program provides a short term lot financing solution to buying that perfect lot now.
With flexible terms our lot loans provide:
 Interest only. |
| 5 years term. |
| Down-payments as low as 10%. |
| Finance up to 40 Acres if typical for the area. |
| Primary residences to $800,000*. |
| Second homes to $650,000*. |
| No prepayment penalties. |
| No tax service fee or flood certification required. |
| Work with our construction loan specialists. |
* Exceptions for higher loan amounts considered.
At this time National City Mortgage only finances lots for homebuyers and not for builders, developers, or investment purposes.
|
