Residential Lot / Land Loans

For a Rate and Fees quote call


Brokered Residential
Lot / Land Loans

This program is designed for Borrowers in need of financing to purchase a residential lot. Residential lots must be eligible for present or future new construction of a residential property. Construction financing is also available.


  • Loan amounts from $60,000 to $1,500,000
  • Loan amounts from 60% to 75% of the purchase price in improved subdivisions if included with a construction loan, otherwise from 50% to 60% loan to value. Please call for a quote. 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
  • Loans are available to Borrowers with excellent to less than perfect credit (subject to underwriting)
  • Residential zoned land
  • Limited income documentation available at 40% loan to value or less
    *All rates and terms subject to change without notice

          Rates and Fees
         (Based on credit score, income, savings and LTV)

  • Rates: Prime Rate plus 2.95% to 4.95%+
  • Loan Fee: 1.25% to 2.00%+
  • Application Fee: $450
  • Fast Track Closing Fee: $1,250
  • Underwriting Fee: $450
  • Maximum Broker Fee: 1.50% to 2.00% (subject to Broker Compensation option)

    To start the pre-approval process, download the Loan Submission Form above and include a completed 1003,  current Tri-Merge Credit Report and appraisal if available.

Loans available in the following states: AK, AL, AR, CA, CO, CT, DE, FL, GA, HI, IA, ID, IN, KS, KY, MA, ME, MI, MO, MS, MT, NC, NE, NH, NJ, NM, NY, OH, OK, OR, PA, RI, SC, SD, TN, UT, VA, WA, WV, WY

Draw Request Submitted

Thank you for requesting a draw.  You will receive an email or call confirming your draw request has been received within 1 business day.  If you do not receive confirmation, please contact our office at 800-390-7536.  Please notify us of any changes you wish to make to your request.  

Normandy Corporation

Thank you for scheduling your payment.  You should receive an email confirmation of payment within 1 business day.  If you do not receive a confirmation email within 1 business day, please call our office to confirm at 800-390-7536.