Lot Loans for Residential Real Estate Construction
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Lot Loan Application Your best source for residential construction lot loans.
Lot Loans are designed as purchase money loans for those borrowers who are not ready to begin construction immediately. Lot loan borrowers are typically not ready to obtain a construction loan, but will be ready in the near future.
The lot must be normal for the area and at least one utility must be available from the street. (Septic tanks or propane tanks are acceptable if these features are normal for the neighborhood.) Typically the site has electric and water to the site, although well water may be acceptable in certain cases.
Apply for your lot loan now and compare several offers.