Can I get Help Buying the Land on which I want to build my house?
Yes! We has a lot loan program available for just this purpose. We offer a
single-family lot acquisition loans when the purpose is to construct a new
primary residence on the site within 12 to 24 months. The borrower will
establish a base from which a future construction-permanent loan will be
generated. The borrower may select one of two options (other lenders offer
different options):
The interest-only option
The three year balloon option - requires a 20% downpayment