• Available for purchasing a lot with the intent to build a new home
• Surveys, EPA and PMI not required
• Use lot equity for down payment
• Low closing costs
• No escrow required

• 3/1 or 5/1 ARM
• Amortization of 15 or 30 years
• Lifetime cap of 6%; 2% per adjustment period
• Maximum LTV 65% on bare land, 70% on undeveloped lots, and 75% on developed lots
• 10% down on developed lot with 680 credit scores

Click here to access our mortgage calculators.