Residential Land Purchase Loans
Builder Loans provides financing for individuals seeking to purchase residential land for future construction of a primary or secondary residence. Programs are specifically structured to support your land acquisition goals with clearly defined terms.
Program Overview
Eligibility
- Income and asset verification
- Minimum FICO score: 720
- 3-year balloon term
- Regular principal and interest payment structure
Loan Features
- Up to 75% Loan-to-Value (LTV)
- Principal and interest monthly payments
- Amortization schedule: 30 years
- Balloon payment due at end of year 3
- Non-agricultural land only (residential use)
- Minimum loan amount: $800,000
- Maximum land size: 20 acres
