Lot and Land Loans

A lot loan finances the purchase of a residential lot before construction begins, typically at a lower loan-to-value than a home purchase loan.

Terms differ depending on whether the borrower plans to build right away or hold the land.

Rick Carrier, NMLS #268110, The Carrier Mortgage Team, Innovative Mortgage Services, Inc. (Company NMLS #250769). Call (281) 767-6700.