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:
- Hard Money Loans (20% down / minimal documentation) Typically Fund in 7-10 days.
- Stated Income Loans (Great for business owners and self employed ) No tax returns!
- 100% financing is available (we can cross collateralize other properties if there is enough equity)
- Valor VA Home Loan 100% financing up to $1.5MM
- Rental Property Loan – No tax returns or DTI calculation! Based on subject property cash flow – No DSCR Coverage needed!
- Flipper & Rehab Loans (Flip a property with one of our many options)
- 2nd Position Loans up to $5mm
- Raw Land & Lot Loans
- Ground up Construction for spec homes, custom homes and commercial ground up.
- Farms, Vineyards, Ranches and Agricultural Properties (25-30% down)
- 5% down Jumbo’s with NO MI up to $2mm / 10% down up to $3mm
- Manufactured Housing / Mobile Homes (20% down / 600+ credit score)
- Acreage Properties
- Commercial Loans up to $500mm
- 3% & 5% down Conventional Loans– LPMI (Lender paid mortgage insurance)
- Foreign Nationals Loans (no social security or residency required)
We also offer:
- Conventional Conforming Loans (under $647,200)
- High Balance Conforming (from $647,200-$970,800)
- Jumbo Loan Financing to $10 Million / Super low rates! / 10% down Jumbo to $3mm
- FHA, USDA
- Reverse mortgages up to $1 Million Value
- Cash Out Refinancing
We are never too busy for your referrals.
For the most up to date mortgage news visit: Mortgage News Daily
Did we miss anything?
- Call 480-773-0714 or Email me if there is any information that we have missed
- Follow us on Social Media
- Share this on your Social Media
- Do not hesitate to give us your feedback
- Ask us for a quote
- Visit our homepage to check out what Valor Lending Group has to offer
