LOT LOANS FOR SELF-EMPLOYED BORROWERS

THIS PRODUCT IS SPECIFICALLY CREATED FOR BORROWERS WHO ARE UNABLE TO RECEIVE APPROVALS FROM TRADITIONAL LENDERS FOR VACANT LAND

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MAXIMUM TERM	20 YEAR LOAN
DOWN PAYMENT MINIMUM	35% DOWN PAYMENT | NO EXCEPTIONS
TYPE	PURCHASE ONLY
DOCUMENTATION REQUIREMENT	TRADITIONAL MORTGAGE DOCUMENT REQUIREMENTS OR BANK STATEMENT ONLY TO PROVE INCOME OR PROFIT AND LOSS STATEMENT
CREDIT SCORE REQUIREMENT	660 MINIMUM FICO SCORE
COSIGNOR	ALLOWED
LOAN AMOUNT REQUIREMENTS	MINIMUM LOAN AMOUNT = $100,000 MAXIMUM LOAN AMOUNT = $825,000 (MINIMUM PURCHASE PRICE $154,000)
ZONING	ALLOWED: residential, recreational or agricultural use, income producing zoning / properties are permitted. NOT ALLOWED:  commercial or industrial or properties adjacent to environmental hazards
ACREAGE	There are no maximum acreage limitations whether vacant land or residence with acreage.