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Our general requirements are:
[/cs_text][/cs_column][/cs_row][/cs_section][cs_section parallax=”false” separator_top_type=”none” separator_top_height=”50px” separator_top_inset=”0px” separator_top_angle_point=”50″ separator_bottom_type=”none” separator_bottom_height=”50px” separator_bottom_inset=”0px” separator_bottom_angle_point=”50″ _label=”Lending Territories” class=”cs-hide-xs” style=”margin: 0px;padding: 45px 0px;”][cs_row id=”lending-territories” inner_container=”true” marginless_columns=”false” _label=”New Item 3″ class=”cs-hide-xs” style=”margin: 0px auto;padding: 0px;”][cs_column fade=”false” fade_animation=”in” fade_animation_offset=”45px” fade_duration=”750″ type=”1/1″ style=”padding: 0px;”][x_accordion link=”true” ][x_accordion_item title=”Lending Territories By State and County” open=”false”]
Alaska
Anchorage, AK
Fairbanks, AK
Juneau, AK
Arizona
Phoenix, AZ
Scottsdale, AZ
Tempe, AZ
Paradise Valley, AZ
Sierra Vista, AZ
Tucson, AZ
Yuma, AZ
Arkansas
Fort Smith, AR
Fayetteville, AR
Springdale, AR
Rogers, AR
Jonesboro, AR
Little Rock, AR
Pine Bluff, AR
El Dorado, AR
California
Antelope Valley, CA
Lancaster, CA
Palmdale, CA
Bakersfield, CA
Chico-Redding, CA
Coachella Valley, CA
Palms Springs, CA
Thousand Palms, CA
Culver City, CA
Davis, CA
East Bay, CA
Alameda County, CA
Oakland, CA
East Bay, CA
Contra Costa County, CA
Concord, CA
Walnut Creek, CA
Eureka, CA
Fairfield, CA
Fresno, CA – Visalia, CA
Inland Empire, CA
Los Angeles, CA
Long Beach, CA
Marin, CA
San Rafael, CA
Merced, CA
Modesto, CA
Monterey, CA – Salinas, CA
Napa, CA
Oakland, CA
Orange County, CA
Santa Ana, CA
Palm Springs, CA
Riverside County, CA
Sacramento, CA
San Bernardino County, CA
San Diego, CA
San Francisco, CA
San Joaquin County, CA
Stockton, CA
San Mateo County, CA
Redwood City, CA
Santa Barbara, CA
Santa Maria, CA
San Luis Obispo, CA
Santa Clara Valley, CA
San Jose, CA
Silicon Valley, CA
Santa Cruz, CA
Santa Monica, CA
Sonoma County, CA
Santa Rosa, CA
Stockton, CA
Vallejo, CA
Ventura County, CA
Oxnard, CA
El Centro, CA
Colorado
Colorado Springs, CO
Pueblo, CO
Denver, CO
Eagle County, CO
Vail, CO
Fort Collins, CO
Grand Junction, CO
Montrose, CO
Roaring Fork Valley, CO
Aspen, CO
Summity County, CO
Winter Park, CO
Grand County, CO
Connecticut
Bridgeport, CT
Hartford, CT
New Haven, CT
Wallingford, CT
Norwalk, CT
Norwich, CT
Stamford, CT
Waterbury, CT
Central Naugatuck Valley, CT
New Britain, CT
Bristol, CT
Meriden, CT
Delaware
New Castle County, DE
Wilmington, DE
Kent County, DE
Dover, DE
Sussex County, DE
Florida
Daytona Beach, FL
Fort Lauderdale, FL
Fort Myers, FL
Naples, FL
Gainesville, FL
Jacksonville, FL
Lakeland, FL
Manatee County, FL
Brandenton, FL
Melbourne, FL
Miami, FL
Mobile, AL – Pensacola, FL
Fort Walton Beach, FL
Orlando, FL
Palm Beach, FL
Panama City, FL
Sarasota, FL
Tallahassee, FL
Tampa-Saint Petersburg, FL
Clearwater, FL
West Palm Beach, FL
Fort Pierce, FL
Georgia
Albany, GA
Athens, GA
Atlanta, GA
Augusta, GA
Columbus, GA
Macon, GA
Savannah, GA
Thomasville, GA
Hawaii
Honolulu, HI
Hilo, HI
Kahului, HI
Lihu’e, HI
Maui, HI
O’ahu, HI
Kaua’i, HI
Hawai’i, HI
Idaho
Boise, ID
Idaho Falls
Pocatello, ID
Twin Falls, ID
Illinois
Champaign, IL
Springfield, IL
Decatur, IL
Chicago, IL
Moline, IL
Macomb, IL
Madison, IL
Cape Girardeau,MO
Harrisburg, IL
Peoria, IL – Bloomington, IL
Quincy, IL
Rock Island County, IL
Rockford, IL
Springfield, IL
Indiana
Evansville, IN
Fort Wayne, IN
Indianapolis, IN
Lafayette, IN
South Bend, IN
Elkhart, IN
Terre Haute, IN
Iowa
Cedar Rapids, IA
Waterloo, IA
Iowa City, IA
Dubuque, IA
Davenport, IA
Rock Island, IA
Des Moines, IA
Ames, IA
Keokuk, IA
Sioux City, IA
Kansas
Joplin, MO
Pittsburg, KS
Hutchinson, KS
Topeka, KS
Wichita, KS
Kentucky
Bowling Green, KY
Lexington, KY
Louisville, KY
Northern Kentucky, KY
Fort Wright, KY
Covington, KY
Paducah, KY
Louisiana
Alexandria, LA
Baton Rouge, LA
Lafayette, LA
Lake Charles, LA
New Orleans, LA
Shreveport, LA
Maine
Bangor, ME
Lewiston, ME
Auburn, ME
Portland, ME
Presque Isle, ME
Maryland
Annapolis, MD
Baltimore, MD
Montgomery County, MD
Rockville, MD
Prince George’s County, MD
Salisbury, MD
Massachusetts
Amherst, MA
Northampton, MA
Attleboro Taunton, MA
Boston, MA
Boston’s Longwood Medical Area, MA
Kenmore Square, MA
Chestnut Hill, MA
Cambridge, MA
Brockton, MA
Merrimack Valley, MA
New Bedford, MA
Fall River, MA
Springfield, MA
Holyoke, MA
Worcester, MA
Minnesota
Duluth, MN
Mankato, MN
Minneapolis, MN
Saint Paul, MN
Rochester, MN
Mason City, MN
IA-Austin, MN
Saint Cloud, MN
Duluth, MN
Mississippi
Biloxi, MS
Gulfport, MS
Columbus, MS
Tupelo, MS
West Point, MS
Greenwood, MS
Greenville, MS
Hattiesburg, MS
Laurel, MS
Jackson, MS
Meridian, MS
Missouri
Cape Girardeau, MO
Columbia, MO
Jefferson City, MO
Kansas City, MO
Ottumwa, MO
IA-Kirksville, MO
Springfield, MO
Saint Joseph, MO
Saint Louis, MO
Hannibal, MO
Montana
Billings, MT
Butte, MT
Bozeman, MT
Glendive, MT
Great Falls, MT
Helena, MT
Missoula, MT
Nebraska
Scottsbluff, NE
Lincoln, NE
Hastings, NE
Kearney, NE
North Platte, NE
Omaha, NE
Nevada
Las Vegas, NV
Reno, NV
Stateline, NV
Lake Tahoe, NV
New Hampshire
Concord, NH
Manchester, NH
Nashua, NH
Portsmouth, NH
New Jersey
Newark, NJ
New Mexico
Albuquerque, NM
Santa Fe, NM
New York
Albany, NY
Binghamton, NY
Buffalo, NY
Niagara Falls, NY
Elmira, NY
Ithaca, NY
Long Island, NY
Nassau County, NY
Suffolk County, NY
New York City, NY
Bronx, NY
Brooklyn, NY
Manhattan, NY
Plattsburgh, NY
Queens, NY
Staten Island, NY
Rochester, NY
Schenectady, NY
Troy, NY
Syracuse, NY
Rome, NY
Utica, NY
Watertown, NY
Westchester County, NY
White Plains, NY
Yonkers, NY
North Carolina
Chapel Hill, NC
Charlotte, NC
Greensboro, NC
High Point, NC
Greenville, NC
New Bern, NC
Washington, NC
Raleigh, NC
Durham, NC
Fayetteville, NC
Wilmington, NC
Winston Salem, NC
North Dakota
Fargo, ND
Moore Head, ND
Valley City, ND
Minot, ND
Bismarck-Dickinson, ND
Williston, ND
Ohio
Akron, OH
Cincinnati, OH
Cleveland, OH
Canton, OH
Columbus, OH
Dayton, OH
Lima, OH
Toledo, OH
Steubenville, OH
Youngstown, OH
Zanesville, OH
Oklahoma
Oklahoma City, OK
Ada, OK
Tulsa, OK
Lawton, OK
Oregon
Bend, OR
Eugene, OR
Medford, OR
Klamath Falls, OR
Portland, OR
Salem, OR
Pennsylvania
Allentown, PA
Erie, PA
Harrisburg, PA
Johnstown, PA
Altoona, PA
Lancaster, PA
Lebanon, PA
Monroe County, PA
Philadelphia, PA
Pittsburgh, PA
Reading, PA
State College, PA
Westmoreland County, PA
Greensburg, PA
Wilkes Barre, PA
Scranton, PA
Williamsport, PA
York, PA
Puerto Rico
San Juan, PR
Rhode Island
Providence, RI
South Carolina
Charleston, SC
Columbia, SC
Greenville, SC
Spartanburg, SC
Asheville, NC
Anderson, SC
Myrtle Beach, SC
Florence, SC
South Dakota
Rapid City, SD
Sioux Falls, SD
Mitchell, SD
Tennessee
Chattanooga, TN
Jackson, TN
Knoxville, TN
Memphis, TN
Nashville, TN
Tri-Cities, TN
Texas
Abilene, TX
Sweetwater, TX
Amarillo, TX
Austin, TX
Beaumont, TX
Port Arthur, TX
Brownsville, TX
McAllen, TX
College, TX
Station, TX
Bryan, TX
Corpus Christi, TX
Dallas, TX
El Paso, TX
Fort Worth, TX
Harlingen, TX
Weslaco, TX
Houston, TX
Laredo, TX
Lubbock, TX
Odessa, TX
Midland, TX
San Angelo, TX
San Antonio, TX
Tyler, TX
Long View, TX
Lufkin, TX
Nacogdoches, TX
Victoria, TX
Waco, TX
Temple, TX
Bryan, TX
Vermont
Burlington, VT
Virginia
Blacksburg, VA
Charlottesville, VA
Hampton, VA
Norfolk, VA
Virginia Beach, VA
Harrisonburg, VA
Norfolk, VA
Portsmouth, VA
Newport News, VA
Richmond, VA
Petersburg, VA
Roanoke, VA
Lynchburg, VA
Williamsburg, VA
Burlington, VT
Washington
Bellingham, WA
Bremerton, WA
Everett, WA
Grays Harbor, WA
Olympia, WA
Seattle, WA
Snohomish County, WA
Everett)
Spokane, WA
Tacoma, WA
Vancouver, WA
Wenatchee, WA
Chelan, WA
Douglas Counties, WA
Yakima, WA
Pasco, WA
Richland, WA
Kennewick, WA
Washington, DC
Washington, DC
West Virginia
Bluefield, WV
Beckley, WV
Oak Hill, WV
Wheeling, WV
Charleston, WV
Clarksburg, WV
Weston, WV
Huntington, WV
Parkersburg, WV
Wisconsin
Superior, WI
Eau Claire, WI
Green Bay, WI
Appleton, WI
Janesville, WI
Kenosha, WI
La Crosse, WI
Eau Claire, WI
Madison, WI
Milwaukee, WI
Racine, WI
Sheboygan, WI
Waukesha, WI
Wausau, WI
Rhinelander, WI
Wyoming
Casper, WY
Cheyenne, WY
Riverton, WY
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Land loans are a kind of credit that helps you in purchasing a vacant piece of land where you can build your home in future or a raw land on which you don’t have any plans to develop. As these kinds of loans tend to be riskier to the lenders, so borrowers don’t get as favorable terms as they get in other kinds of mortgages. It is even depicted that the raw land owners most likely stop making payments and leave the contract in between, and further, the land becomes difficult to resell. This is because the demand for a home is more than that of land.
So, the major fear of lenders is that if they give a raw land loan, will they get the money paid back completely on time or not. For this reason, before giving a hard loan or a raw land hard money loan, the lenders ask the borrower to make a substantial down payment and even implies high interest rates. While some raw land loans might have shorter repayment terms that other long-term mortgage loans.
You can get a wide range of land loan options to finance your land purchase, each of them has its own specifications, benefits, and requirements. At Custom Mortgage, we deal with a vast array of loan programs that can meet your financing requirements perfectly. Whether it’s a refinance, purchase, or the cash-out of land, we keep you covered in all cases.
Raw Land: When a person wants to purchase land for future development- either commercial farm or anything else, raw land loans are the best. Specifications of this loan program include:
No pre-payment penalties
Rates start at 2.9%
Land can be of any type- rural or suburban
Flexible payment dates
Minimum land size- 5 acres
Adjustable rate up to 10 years and fixed rate up to 30 years fixed rate
Commercial Land: These loan programs are made available regardless of the stage of development. Terms for these loan programs include:
No documentation
Terms for 12-36 months
Cross collateralization
Up to 50% LTV
No minimum credit score
Loan value: $500,000 to $20,000,000
Residential/Subdivision Development: These loan programs are for the ones who need to build or purchase land for building multiple residences (like multiple single family residences). These properties could be- raw land, entitled land, un-entitled land, residential subdivision, or vacant land. Terms for these loan programs include:
Terms from 12-36 months
Interest only options
Up to 50% LTV
No minimum credit score required
Closes within three weeks
Loan Value: $500,000 to $20,000,000
Loan types: Refinance, purchase, cash out, DPO, bank work out, foreclosure prevention, stalled residential subdivisions.
Hard Money Land Loan: A hard money loan is a short-term loan that is funded by private investors. Hard money lenders are concerned with property’s value rather than the credit score of the borrower. These kinds of loans come with terms for around 12 months, but it might extend to 2 to 5 years. Terms for these loan programs include:
Terms from 12-36 months
Interest only options
Up to 50% LTV
No minimum credit score required
Closes within three weeks
Loan Value: $500,000 to $20,000,000
Loan types: Refinance, purchase, cash out, DPO, bank work out, foreclosure prevention, stalled residential subdivisions.
Firstly, you need to find a suitable lender that deals with the loan and financing services you are looking for. Verify the experience they hold in the financing industry and check if they deal with trusted lenders or not. Rather you can rely on our experts who can assist you in finding the best suitable lenders to meet your loan requirements in the best way and offer you the best mortgage and financing services.
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[cs_icon_list_item type=”check”]Multifamily Properties[/cs_icon_list_item]
[cs_icon_list_item type=”check”]Up to 83%
LTV[/cs_icon_list_item]
[cs_icon_list_item type=”check”]35 YR Amortized[/cs_icon_list_item]
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[cs_icon_list_item type=”check”]Purchase / Refi[/cs_icon_list_item]
[cs_icon_list_item type=”check”]MAX CLTV 95%[/cs_icon_list_item][cs_icon_list_item type=”check”]Consruction[/cs_icon_list_item]
[cs_icon_list_item type=”check”]MIN Loan amount 1 Million[/cs_icon_list_item]
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[cs_icon_list_item type=”check”]MAX LTV 80%[/cs_icon_list_item]
[cs_icon_list_item type=”check”]All Property Types[/cs_icon_list_item]
[cs_icon_list_item type=”check”]Purchase/refi/Construction[/cs_icon_list_item]
[cs_icon_list_item type=”check”]MIN Loan Amount 500k[/cs_icon_list_item]
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