Residential Lot / Land Loan

Residential Lot / Land Loan – Finance the Purchase of Your Residential Property

Pre-Qualify (Consumer Use Only)
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For a Rate and Fees quote call

800-390-7536

PRE QUALIFY NOW (Consumer Use Only)
Looking to purchase a residential lot before you’re ready to build? Normandy’s residential land loan program is designed for borrowers who need residential lot financing to secure land today — with or without immediate construction plans. Whether you’re buying vacant land in a planned neighborhood or an isolated parcel, our lot financing for home construction keeps your timeline flexible.
A land mortgage loan from Normandy allows you to purchase and hold your residential lot while you prepare plans, obtain permits, or arrange construction financing. Construction financing is also available — so when you’re ready to build, Normandy can take you from land purchase loan to build financing under one roof. This program is designed for Borrowers in need of financing to purchase a residential lot eligible for present or future new construction of a residential property.

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

Loans Available in the Following States

  1. AK
  2. AL
  3. AR,
  4. CA
  5. CO
  6. CT
  7. DE
  8. FL
  9. GA
  10. HI
  11. IA
  12. ID
  13. IN
  14. KS
  15. KY
  16. MA
  17. MD
  18. ME
  19. MI
  20. MO
  21. MS
  22. MT
  23. NC
  24. NE
  25. NH
  26. NJ
  27. NM
  28. NY
  29. OH
  30. OK
  31. OR
  32. PA
  33. RI
  34. SC
  35. SD
  36. TN
  37. UT
  38. VA
  39. WA
  40. WV
  41. WY

Frequently Asked Questions

Residential Lot / Land Loans

What is a residential land loan?
A residential land loan — also called a residential lot loan — is financing to purchase land zoned for residential use. Unlike a construction loan, it covers the land purchase only. You can build later when you’re ready.
Yes. Normandy offers residential lot financing to borrowers with excellent to less than perfect credit. No minimum FICO is required, though lower scores may affect the loan-to-value ratio considered.
No. Normandy’s vacant land financing program has no minimum acreage requirement and no maximum limitations on lot size.
Yes. Normandy offers construction financing as well — so your lot financing for home construction can transition to a full build loan when you’re ready to start.
Limited income documentation is available at 50% loan-to-value or less. Full documentation may be required for higher LTV requests.

For a Rate and Fees quote call

800-390-7536

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.

PRE QUALIFY NOW
(Consumer Use Only)

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

Loans available in the following states: AK, AL, AR, CA, CO, CT, DE, FL, GA, HI, IA, ID, IN, KS, KY, MA, MD, 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.