Lot Loans
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Are you looking to acquire a Lot Loan? Valor Lending Group has lot loans that can be beneficial to all different kinds of loan scenarios, we are fully licensed in Arizona, California and Florida which makes us able to assist with all occupancy types. 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.
A. Valor Lot Loan Programs:
1. A TIER Borrower | Full Doc 43% DTI (Owner-Occ Only)
- 3, 5, or 7 year lot loans
- LTV:
- 80% to $350k
- 75% to $500k
- 70% to $630k
- 65% to $750k
- By exception above $750k
2. B TIER Borrowers | No Income Requirements | Spec Only
- 6 months to 3 year term
- Up to $5m loan amount
- 50% down
3. C TIER Borrowers | Limited Doc | Spec Only
- 12-24 month terms
- Up to $5m loan amount
- 50% down
B. 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.
1. 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
2. Eligible Terms
- FHA: 15- and 30-year fully amortized fixed
- USDA: 30-year fully amortized fixed
- VA: 15- and 30-year fully amortized fixed
3. 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
4. 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 loans
- Minimum Loan Amount of $350,000
- 10/1, 7/1, & 5/1 ARM available
5. Single Construction Fee
Includes the construction interest, as well as:
- Construction draws
- Title updates
- Any necessary loan modifications
- Construction underwriting
- Construction closing coordination
C. Ground Up Construction Loans
Are you looking to build you forever dream home? Where do you start? Let Valor Lending Group guide you through the process to ensure the right loan for you. Valor Lending Group features the very Best Arizona, California and Florida 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 you covered.
D. What is a Ground Up Construction Loan?
A ground up construction loan is to provide a financing solution to construct a wide variety of real estate properties. They can be single family, multi-family, and mixed use projects. A licensed and bonded general contractor will assist you with plans, entitlements, and get your property shovel ready while solidifying the financing to get the project started.
Valor Lending Group has a number of lending solutions and options allowing you choose the right route to take to secure the luxury property of your dreams.
E. How Do You Qualify Ground Up Construction Loans?
You would qualify for a Ground Up Construction Loan in the same way as a conventional or high balance loan with a few additional qualifications. Such as, but not limit to completed projects in the three years, the loan to cost evaluation, and/or after completed value.
Ground Up Construction Highlights:
- Up to 90% LTC
- Max Loan Up to $20 Million
- Flexible Guidelines
- 12 to 24 month Interest Only Interest Rates
- Valor boasts the very best communication, service, rates and performance in the industry
- Valor ensures the very best pricing by shopping with many direct lenders so you don’t have to!
F. Who is a Ground Up Construction Loan Right For?
At Valor Lending Group, we have Ground Up Construction Loans perfect for the seasoned construction borrower to first time buyer who wants to build that luxury home they always wanted. We are fully licensed in Arizona, California and Florida which makes us able to assist with occupancy types in those states, as well as funding non-owner occupied investment loans in 42 states that don’t require us to obtain their state license to conduct business. We look forward to the opportunity to demonstrate our prompt and professional service.
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.
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Online Calculators
Our calculators will help determine how large of a loan you qualify for.