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Mind-blowing dream house with a California Lot Loan | Valor Lending Group

Are you ready to build your dream house and want to secure a California Lot Loan?

Valor Lending Group can help you with all things lot loans!

Valor California 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

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

We are never too busy for your referrals.

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