PA LAND LOAN. PURCHASE BUILDING LOT LOAN -- 3/1 ARM -- 30 YEAR TERM 3 YEAR BALLOON

Pennsylvania Lot Loan - Program 2.

Pennsylvania Land, Lot Loan Program 2. Pennsylvania Building Lot loans. Purchase a lot to later build a home on.

TERM: 3 year balloon
AMORTIZATION: Choice of 5-30 year amortization offers low monthly payment
OCCUPANCY: For future primary residence only (no 2nd home of investment)
LOCATIONS: Available in every county in Pennsylvania including Poconos
MINIMUM MORTGAGE: $60,000.
MAXIMUM MORTGAGE & LTV’S:
- 80% max LTV to $200,000 Loan (660 credit score to $150,000, 700 to $200,000)
- 75% max LTV to $350,000 Loan (720 credit score)
- 50% max LTV to $400,000 Loan (720 credit score)
MAXIMUM LOT SIZE: 25 acres
RESTRICTIONS:
- Purchase only (we do not offer lot refinances.)
- PA Lot loans may not be used to purchase lots that will be adjoined to another owned property. Lot loan must be for new primary residence or new second home.
- Must use bank's appraiser
- Lot must be approved building lot (provide building permit, or letter from municipality, or approved subdivision map)
- Lot must contain NO STRUCTURES OF ANY TYPE