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Lot & Land Loan Programs:

Loans for Residential & Commercial Lots

Portfolio

A finished lot gives the lender more comfort, as it is another step closer to being ready for a new home (the preferred form of collateral for most residential lenders).


Clear Lending offers land and lot mortgage loan programs that might be right for you. 

Our land and lot mortgage loan programs allow borrowers to obtain financing to purchase land or lots for residential and/or commercial use.

While each loan is underwritten on a case-by-case basis land is financed up to 65% loan-to-value of the sales contract or appraised value whichever is lower and lots used for commercial use or residential other than primary occupancy reasons is 75%.

Lots with water and electricity connections and intended for primary residence can be financed up to 90% loan-to-value of the sales contract or appraised value whichever is lower.

 

Don't wait any longer and find out how much you can get Pre-Approved for.

Whether you are considering purchasing land or a lot, Clear Lending can help you. Simply complete our secure and encrypted Pre-Approval Form online and we will contact you right away to review best options for you.

Not all applicants will qualify. This advertisement is not an offer for an extension of credit. Please meet with a licensed loan originator for more information as programs are available only to qualified borrowers. Programs rates, fees, terms, and programs are subject to change without notice. Not all loans, loan sizes, or products may apply. Loans are subject to borrower qualifications, including income, property evaluation, sufficient equity in the home to meet loan-to-value requirements, and final credit approval. Approvals are subject to underwriting guidelines and program guidelines and are subject to change without notice. Some restrictions may apply.

Customers Reviews:

  • Atasha Alfred • October 03, 2017

    Joan is simply amazing! He truely cares about his clients and works day in and day out to ensure they are satisfied. We used a VA loan and despite the credit hiccups we have had in the past he was able to assist us and give us a better rate than was offered by other lenders. Joan showed us that mortgage lenders are people too and he really understood our circumstances and our need to be able to close soon after contacting him. He is simply the best and we would recommend him to anyone else using a VA home loan or any other type of home loan.

  • Daniel Guerrero • August 05, 2014

    Joan,

    I would like to take a few minutes to thank you and your team. Although we had some unforeseen issues and it was a bit rocky your team stayed focused on the task at hand. Thank you for all that you did. We officially completed the closing.

    Best Regards,

    Daniel Guerrero

  • Marianne Balton • August 20, 2018

    Joan Gallardo and his team are an exceptional group who are devoted to helping others realize their goal of home ownership. Compassionate and conscientious business people are a rare find. As first time home buyer and new to Texas I had no map of the territory. Joan was a reassuring presence through the entire experience and I will always remember and endorse his company for excellence.

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