Land loans in Texas

Land Loans …

Yes, we handle land loans in Texas.

25% downpayment

Rates are 9.0 or 9.25% depending if you plan to build within 12 months or not.

The 12 month loan is interest only

Requirements are …

– have $15,000 bank reserves after cash to closing

– at lease one borrower has middle credit score of 675+

– 43% or less debt/income ratio

– land contract and all the bank, tax return, paystubs, etc

– 30-40 days to close