LAND & LOTS FINANCING

OPTION 1: 20% Down

  • Credit Score: 680
  • Tradelines: 2 of 24 Months Open or Closed
  • Down Payment: 20% Down (80% LTV)
  • 6 Months Reserves or 0 if LTV is 50%
  • Term: 10 Years Fixed
  • Income Type: Full Doc W2 & Self-Employed (Tax Returns)
  • Max Debt: 43%
  • US Citizens & Green Cards
  • LLC: Required
  • Loan: $100,000 - $500,000
  • Zone: Residential 1-4 Family
  • Insurance: Not Required
  • Tax Escrow: Required
  • Appraisal: Required
  • Rates: 9.5%-10.375% (depends on score & LTV)
  • Building Lot: Not approved add 2%

OPTION 2: No Income, No Credit

  • No income required
  • No appraisal required
  • Must close under an LLC
  • 680 credit score (maybe required)
  • 50% down payment + 6 points + closing cost
  • Minimum loan amount $75,000
  • 2 Years balloon


Looking to build from the ground up?

Our Lot Loans are designed for a smooth transition from lot loan to construction loan.

Green rice fields with marked plots and distant city skyline.

Construction Loans Available!

At Generation Mortgage Associates, we understand that financing land and lots is a crucial step for many aspiring homeowners and builders. Our financing options cater to both traditional buyers and those seeking alternative pathways to ownership. Whether you are looking to secure a property for future development or build your dream home from scratch, we offer tailored solutions to meet your needs.

Key Features of Our Land & Lots Financing

🏡

Flexible Down Payment Options

Choose between a 20% down payment or a no-income, no-credit option with a higher upfront cost.

📄

Minimal Documentation Required

For our no-income, no-credit option, we minimize the paperwork to streamline the process.

🗝️

Transition to Construction Loans

Our lot loans can easily convert to construction loans, simplifying the building process.

How to Get Started

1
Consultation
Schedule a consultation with our team to discuss your specific needs and financing options.
2
Choose Your Option
Select the financing option that best suits your financial situation and goals.
3
Submit Your Application
Complete the application process, providing any necessary documentation as required.
4
Close the Deal
Finalize your loan and start making plans for your new property!

Frequently Asked Questions

What types of properties qualify for land loans?

Our land loans are designed for residential properties, specifically 1-4 family zones.

Is insurance required for land loans?

Insurance is not required for land loans, but tax escrow is mandatory.

What is the minimum loan amount?

The minimum loan amount for our financing options is $75,000.

Contact us