PA Mortgage Pros - Lot Loan Options

We only offer lot loans in Southern PA, Northampton and Lehigh Counties presently.

Pennsylvania Lot loan basics:

• Minimum required down payment on a Lot is 25%
• Lot must be located in Pennsylvania (see above for regions)
• Minimum credit score 660
• 25 acre maximum
• The only way to obtain more than 75% financing for a PA lot is to obtain a home equity loan on your primary residence, if possible. This often ends up being a more economical option for people.
• The minimum lot loan amount is $90,000.
• We have one lot loan program that allows for a rate and term refinance of an existing lot loan.
• "Cash-out" land loans are not eligible. (You can not take a land loan out to do anything but buy a land or pay off an existing lot loan. No debt consilidation lot loans, etc.)

What is a Lot?

A" lot", defined by the lending guidleines, is a vacant piece of land with no house or structures on it.

Land with a trailer or tear down house is not a lot according to lender guidelines.

 

Pre-Qualify for a lot loan