New Lot Loans

New Lot Loans | Valor Lending Group

Are you looking to acquire one of our new Lot Loans?

Valor Lending Group has lot loan programs that can be beneficial to all different kinds of loan scenarios.

Why worry about re-qualifying or incurring additional costs? Designed for manufactured, modular, and stick-built housing, this program offers all-in-one financing option for construction, lot purchase, and permanent mortgage funding with one closing. Also, we offer the top ground up construction loans. Whether you are seeking to build a custom home for your primary residence, a spec home to sell for a profit, or a commercial construction loan we have got you covered.

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Valor Lot Loan Programs: 

A TIER Borrower | Full Doc 43% DTI (Owner-Occ Only)

• 3, 5, or 7 year lot loans at *5.875% interest rate / *6.29% APR and only 1-2% origination based on $1m loan amount
• LTV:
  • 80% to $350k
  • 75% to $500k
  • 70% to $630k
  • 65% to $750k
  • By exception above $750k

B TIER Borrowers | No Income Requirements | Spec Only

• 6 months to 3 year term starting at *6.875% interest / *7.375% APR and only 1-2% origination
• Up to $5m loan amount
• 50% down

C TIER Borrowers | Limited Doc | Spec Only

• 12-24 month terms starting at *10% interest / *11.25% APR and 3-4% origination
• Up to $5m loan amount
• 50% down

Valor One-Time Close Construction-to-Permanent Loans

Why worry about re-qualifying or incurring additional costs? Designed for manufactured, modular, and stick-built housing, this program offers all-in-one financing option for construction, lot purchase, and permanent mortgage funding with one closing. Permanent loans are closed before construction begins, there is no need to re-qualify the borrower, simplifying the construction and purchase process.

Financing Eligibility

• Financing options: FHA, USDA, and VA
• Maximum LTV:
  • FHA: 96.5%
  • USDA: 100% of Market Value
  • VA: 100% not including VA funding fee
• 620 minimum qualifying credit score

Eligible Terms

• FHA: 15- and 30-year fully amortized fixed
• USDA: 30-year fully amortized fixed
• VA: 15- and 30-year fully amortized fixed

Eligible Property Types

• FHA: Multi-wide manufactured housing, modular housing, 1-unit stick built housing
• USDA: New Multi-wide manufactured housing, modular housing, 1-unit stick-built housing
• VA: New Multi-wide manufactured housing, modular housing, 1-unit stick-built housing

Program Highlights:

• No payments due from borrower during construction
• No re-qualification once construction is complete
• Single closing reduces total costs
• This single close construction loan program is also the permanent financing and pays off lot loan
• Minimum Loan Amount of $350,000
• 10/1, 7/1, & 5/1 ARM available

Single Construction Fee

Includes the construction interest, as well as:

• Construction draws
• Title updates
• Any necessary loan modifications
• Construction underwriting
• Construction closing coordination

In addition, we also offer full documentation low rate loans, stated income loans, and hard money loans.

Valor Lending Group can fund fast-hard money loans up to $10mm in as little as 7 days often without an appraisal.

We look forward to an opportunity to demonstrate our prompt and professional service.

Recap of our Loan Products:

1. Hard Money Loans (20% down / minimal documentation) Typically Fund in 7-10 days.
2. Stated Income Loans (Great for business owners and self employed ) No tax returns!
3. 100% financing is available (we can cross collateralize other properties if there is enough equity)
4. Valor VA Home Loan 100% financing up to $1.5MM
5. Rental Property Loan – No tax returns or DTI calculation! Based on subject property cash flow – No DSCR Coverage needed!
6. Flipper & Rehab Loans (Flip a property with one of our many options)
7. 2nd Position Loans up to $5mm
8. Raw Land & Lot Loans
9. Ground up Construction for spec homes, custom homes and commercial ground up.
10. Farms, Vineyards, Ranches and Agricultural Properties (25-30% down)
11. 5% down Jumbo’s with NO MI up to $2mm / 10% down up to $3mm
12. Manufactured Housing / Mobile Homes (20% down / 600+ credit score)
13. Acreage Properties
14. Commercial Loans up to $500mm
15. 3% & 5% down Conventional Loans– LPMI (Lender paid mortgage insurance)
16. Foreign Nationals Loans (no social security or residency required)

We also offer:

1. Conventional Conforming Loans (under $647,200)
2. High Balance Conforming (from $647,200-$970,800)
3. Jumbo Loan Financing to $10 Million / Super low rates! / 10% down Jumbo to $3mm
4. FHA, USDA
5. Reverse mortgages up to $1 Million Value
6. Cash Out Refinancing

**Rates and terms subject to change without notice

We are never too busy for your referrals.

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