Land Loans
- Investment
- Non-QM
- No Min FICO
- 50% Min Down
Land loans are asset-based financing options for borrowers purchasing or leveraging vacant land or undeveloped lots. Approval is primarily based on the property’s value and borrower’s equity rather than credit or income. These loans are ideal for investors or developers who need fast funding for acquisitions, refinances, or short-term bridge purposes.
This program is ideal for buyers who:
- Quick closings (often within 7–14 days).
- Minimal documentation — primarily appraisal and title.
- Flexible credit — approval based on equity and exit strategy.
Scenario | Credit Score | Min Down | Max LTV | Rate | Notes |
|---|---|---|---|---|---|
Land Purchase or Refinance | Any | 50% | 50% | 12%+ | 12–60 month term, interest-only. Asset/equity-based approval. Appraisal required. |
Bridge / Short-Term Land Loan (12 mo) | Any | 50% | 50% | 12%–15% | Designed for quick turnarounds or resale. 3-month guaranteed interest applies. |
Investor / Developer Land Loan (24–60 mo) | Any | 50% | 50% | 11%–13% | 24–60 month IO term, 6-month guaranteed interest applies. |
Long-Term Option (180 mo) | Any | 20%–30% | 70%–80% | 9%–12% | 180-month term available with 60-month IO. For improved or subdivided parcels only. |
Credit & DTI |
|---|
FICO Not a determining factor (program is primarily equity/asset-based). |
Ratios Flexible; focus is on collateral value and exit strategy. |
Residency Eligibility |
|---|
Eligible
|
Ineligible
|
Prepayment Penalty | Min Down | Notes |
|---|---|---|
12-Month Term (Bridge / Fix & Flip) | 3 months guaranteed interest | Applies if paid off early within the first 12 months. |
24–60 Month Term (Investor / Land) | 6 months guaranteed interest | Applies if loan is paid off before 6 months of payments. |
180-Month Term (Long-Term Option) | May apply (case-by-case) | Terms negotiated at origination; may include partial prepay options. |
Property Types |
|---|
Eligible Vacant land. |
Note Appraisal is required. |
Seller Contributions |
|---|
Maximum Contribution Seller contributions are considered on a case-by-case basis. |
Allowed Uses Typically restricted to covering allowable closing costs. They cannot be applied toward the borrower’s down payment or reserves. |
Disclaimer – This matrix was published on 10/02/2025. Program guidelines may have changed since then. Please contact Alexis to confirm the most current requirements. For complete details, refer to the Partner Matrices PDF or reach out directly to Alexis for program-specific guidance.
Contact Loan Officer
Alexis Andrade
Mortgage Loan Officer
NMLS #2553405
alexis@sjmorganple.com