Residential Lot & Land Loans in Oregon
Residential Lot & Land Loan in Oregon
Whether your project is in Portland Metro, Salem, or a smaller Oregon community, Normandy’s Residential Lot & Land Loan program is available statewide. Vacant land financing is available for qualifying borrowers throughout Oregon.
Oregon residential lots include suburban parcels in the Portland metro, high-desert lots near Bend and Redmond, coastal lots in Lincoln and Tillamook Counties, and rural parcels in the Willamette Valley.
Loan amounts from $50,000 to $1,500,000. 50% to 60% of purchase price; exceptions up to 75% based on credit and lot profile. Foreign nationals may apply. Limited income documentation available at 50% LTV or less. No minimum acreage.
Questions about residential land loan in Oregon? Call 800-390-7536 or visit https://normandy.com/residential-lot-land-loans/. Normandy’s complete loan list: https://normandy.com/.
General Guidelines*
- Loan amounts from $50,000 to $1,500,000
- Loan amounts from 50% to 60% of the purchase price (exceptions up to 75% of the purchase price based on credit and lot profile)
- No minimum FICO required, however as FICO scores fall, so may the loan to value considered (subject to underwriting)
- Loans are available to Borrowers with excellent to less than perfect credit (subject to underwriting)
- Cross collateralization allowed on other properties, if needed, for maximum or greater loan amounts.
- Term of 1 to 3 years
- Foreign Nationals are eligible for this program
- Deal directly with the Loan Officer/Underwriter
- Fast pre-qualification, typically within 3 – 5 business days, closing typically within 30 days (fast track closings in 14 +/- days available if certain criteria is met)
- Interest only payments
- No minimum acreage requirement or maximum limitations
- Residential zoned land
- Limited income documentation available at 50% loan to value or less
*All rates and terms subject to change without notice
Oregon Construction Market & Regulatory Overview
Oregon’s construction market is driven by sustained demand in the Portland metro, rapid growth in Bend and Central Oregon, and ongoing interest in Willamette Valley and coastal custom residential builds.
Building Code: Oregon Residential Specialty Code (ORSC), administered by the Oregon Building Codes Division (BCD).
Permitting: Permits are issued by local municipalities or directly through the state BCD for jurisdictions without local authority. The ORSC governs all residential construction statewide.
Key construction considerations in Oregon include heavy rainfall and moisture management requirements in Western Oregon, statewide seismic hazard, and wildfire risk in Eastern Oregon and communities near the Cascades. Normandy’s underwriting team works directly with borrowers — you deal with the loan officer and underwriter, not a call center.
Contractor Licensing in Oregon
Oregon requires all general contractors to be licensed through the Construction Contractors Board (CCB). License verification is mandatory before any permitted work begins.
Owner-Builder Note: Oregon allows owner-builders to construct a primary residence without a CCB license, but requires 12 months of personal occupancy following completion and limits new owner-built homes to one per year.
Loans Available in the Following States
- Alaska (AK)
- Alabama (AL)
- Arkansas (AR)
- California (CA)
- Colorado (CO)
- Connecticut (CT)
- Delaware (DE)
- Florida (FL)
- Georgia (GA)
- Hawaii (HI)
- Iowa (IA)
- Idaho (ID)
- Indiana (IN)
- Kansas (KS)
- Kentucky (KY)
- Massachusetts (MA)
- Maryland (MD)
- Maine (ME)
- Michigan (MI)
- Missouri (MO)
- Mississippi (MS)
- Montana (MT)
- North Carolina (NC)
- Nebraska (NE)
- New Hampshire (NH)
- New Jersey (NJ)
- New Mexico (NM)
- New York (NY)
- Ohio (OH)
- Oklahoma (OK)
- Oregon (OR)
- Pennsylvania (PA)
- Rhode Island (RI)
- South Carolina (SC)
- South Dakota (SD)
- Tennessee (TN)
- Utah (UT)
- Virginia (VA)
- Washington (WA)
- West Virginia (WV)
- Wyoming (WY)
Frequently Asked Questions — Residential Lot & Land Loan in Oregon
Q: What is a residential land loan in Oregon?
A: A residential land loan in Oregon is financing for purchasing a residentially zoned lot or parcel for present or future home construction. Loan amounts from $50,000 to $1,500,000. Terms from 1 to 3 years. Interest-only payments apply during the term.
Q: What does residential lot financing cover in Oregon?
A: Residential lot financing in Oregon through Normandy covers the purchase of residentially zoned land — suburban, rural, and semi-rural parcels. No minimum acreage is required. Standard LTVs from 50% to 60% of purchase price, with exceptions up to 75% based on credit and lot profile.
Q: Is vacant land financing available in Oregon for rural parcels?
A: Yes. Normandy’s vacant land financing in Oregon covers rural, suburban, and semi-rural residential parcels. No minimum acreage. Rural lots with access road, easement, or well and septic considerations are reviewed individually during underwriting.
Q: Can I get lot financing for home construction in Oregon?
A: Yes. Normandy’s lot financing for home construction in Oregon lets you secure the land now and build later — or roll land and construction into one loan. Terms from 1 to 3 years. Call 800-390-7536 to discuss your timeline and lot.
Q: What is a land mortgage loan in Oregon?
A: A land mortgage loan in Oregon is a loan secured by a residential parcel. Normandy offers amounts from $50,000 to $1,500,000 with LTVs from 50% to 60% of purchase price. Foreign nationals are eligible. Limited documentation available at 50% LTV or less.