Land Loans, Construction Loans and Permanent Financing All in One Place
Purchasing the land with a construction loan is most advisable to cut down on additional closing costs.
Down Payment: The down payment can vary from zero to 30% down depending on which lender we choose. There is also other types of collateral that may be acceptable. The land loan can, upon occasion, be a very creative transaction depending upon your credit, etc. We lend on land throughout the entire state of Colorado!!
Rates: The rate on a land loan will vary depending on the credit package. We can do some land loans for as little as 10% down. One point to remember is that land loans can vary daily because of each lenders specific guidelines.
A pre-qualification can be handled by telephone. This is followed up by a loan package mailed to you overnight along with the application, disclosures and a letter with a list of items that will be needed to complete the transaction. As soon as the documents are returned to us we are able to acquire an official pre-approval in writing from an investor within just a few hours. More complicated packages may require a few days. In any event, we meet our deadlines and commitments without any undue stress for anyone involved.
Please call us today or use our online pre-qualification form to get pre-qualified for your home.
Feel Free to Contact us today the Taylor Mortgage Group at 303-339-5950 or Janie Taylor at 303-884-9393!