NO CREDIT CHECK

NO DOCUMENT VERIFICATIONS

Land Mortgage Florida will lend on any land purchase in the state of Florida.

Typical Parameters:

Purchase ONLY
LTV < 51% [maximum loan is 50% of purchase price]
Maximum loan amount = $50,000

Frequently Asked Questions:

Preferred Deal? Land purchase for mobile home/pre-fab placement.
No utilities at site? Makes it more difficult to approve.
Septic and well? OK.
Not cleared of natural growth? OK.
Verify Income? Yes. We want the deal to make sense for everyone.
Terms? Usually 10 years. Interest only.
Points? Usually two.
Prepayment Penalty? No.
Appraisal required? Yes.
New construction? OK.
Will you subordinate to a construction loan? No. Any new loans should pay us off.
Land locked site? [no access] No.

Contact:

info [at] this web address: LandMortgageFlorida.com