California Residential Lot and Land Loans

We provide lot loans and land financing for the following:

1. Metro / Urban / Suburban Residential Lots and Land intended for future Primary or Second / Vacation Home construction.  Bank financing for the purchase or refinancing of Residential or Agricultural zoned land / lot parcel for construction of a future primary or second/vacation home property.
   Focus: $100,000 – $1.50MM lot / land loan, net of down payment.
   Conditions and restrictions apply – see below.
   
2. “Rural” land loans or lot loans for future primary homesite: Specialty finance program for eligible land parcels and borrowers.
   Focus: $100,000 – $1.10MM lot / land loan, net of down payment.
   Specific conditions and restrictions apply – call or email for more info.
3. Agricultural – existing or potential farm income. We can finance one or more contiguous agricultural land parcels for purchase or refinancing.
   Focus: $250,000 – $1.50MM lot / land loan, net of down payment.
   Conditions and restrictions apply – see below.
4. NO “Investment” / “lot next door” / “spec” construction lots / commercial / industrial or non-residential use or zonings: NO bank financing for these – hard money financing only (we are sometimes able to provide hard money land loans for non-bankable land purchase or refinance scenarios, but please note this is higher-cost, higher-rate, and shorter-term lending at significantly lower leverage compared to traditional bank loan programs. Better or more financially viable options may exist. Hard money land loans should be a last resort).

Consumer – Residential Lot / Land Purchase or Refinance Loans

Yes – we are providing Land / Lot loans in 2022. Purchase or Refinancing for residential-zoned lot / land parcel intended for future construction of a primary or second / vacation home.

LAND / LOT FINANCING MEETING THE FOLLOWING CRITERIA:

• Minimum Land / Lot Loan: ~ apx $100,000  (generally parcels listed at $150,000 or more preferred)
• Maximum Land / Lot Loan: $2.0 million (residential parcels)
• Parcel Size: For residential-zoned lots / land, buildable lots up to 45.00 acres (additional conditions apply for parcels 10.01 – 45.00 acres). Parcels larger than 20 acres are case-by-case and may require our “rural” lot loan program. Call or email for specifics.
• Minimum Down-Payment: Required down payments start at 20% on lot / land sales but may be higher depending on several factors. Call or email for parcel-specific down-payment requirements.
• Credit Score / History:  700 is preferred, though we can accommodate credit scores as low as 680 with additional conditions. No recent bankruptcy or foreclosure. Call or email for more info.
• Utilities (residential lots): Qualified land financing requires a BUILDABLE parcel. “Buildable” is generally defined as a lot suitable for future home construction, serviced by, OR able to be serviced by the following utilities (the land cannot be “off-grid”):
  — Public Electricity
  — Potable Water (municipal water source or private well)
  — Viable Disposal (municipal sewer line or private septic system)
• Existing Structures: case-by-case consideration and conditions / restrictions apply (e.g., no habitable structures allowed, etc). Call or email.
• Traditional Income and Asset Qualifying: Historical tax returns, income statements, paystubs, asset account statements, etc
• Residency: US citizens with valid SSN and file US tax returns, OR green card holders only.
• NO “CASH-OUT” refinancing of lot / land (“rate / term” only). Call or email for residential land / lot refinancing requirements.
• No “Investment” or “Lot Next Door” financing. Eligible lot / land must be intended for future primary or second / vacation home occupancy only.
• AGRICULTURAL FARM land financing: Call or email for qualifying info
  
• COMMERCIAL / INDUSTRIAL / OTHER Zonings: Hard money financing only. Call or email for qualifying info.

Don’t be fooled by deceptive advertising. A “single-close” or “one-time close” construction loan does not mean “one loan for land + construction + permanent financing”. It is only the construction and permanent financing aspect and in nearly all cases, you must first purchase / finance the land apart from a future construction loan.

Questions about lot or land financing:
call me direct at (661) 255-9824 (in California) or (800) 644-8829.