🚀 Stand Out in the Market with Our Unique Vacant Land Loan Program! California Only 🏡
Looking for a responsive purchase or refinancing lending program for vacant land in California? 📱💻
Look no further than Accelerated Lending Group's Vacant Land Loan Program!
We offer private hard-money loans based on the "As Is" value of your client's desired property, with minimal documentation requirements. 💰💼
By becoming an expert in vacant land financing, mortgage brokers can offer a unique financing option to differentiate themselves from competitors and see an increase in referrals and business growth.
⏰ Don't let market changes affect your loan volume! With our Vacant Land Loan Program, you can maintain or even increase your loan volume regardless of fluctuating interest rates or tighter lending guidelines.
Ready to learn more and see how our Vacant Land Loan Program can benefit you and your clients? Contact us today! 📞💬
PROGRAM HIGHLIGHTS - CALIFORNIA ONLY
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No Minimum Fico Score Required*
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No Tradeline Requirements*
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No Reserve Requirements*
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No Seasoning Of Down Payment Required*
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No Seasoning Of Closing Costs Required*
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No Seasoning On Rate & Term*
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No Seasoning On Cash-Out*
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No Restrictions On Gift Funds*
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No Rate Locks To Worry About
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No Prepayment Penalties
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No Early Pay-Off Penalties
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No Impounds Option Available*
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Late Payments Ok*
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Foreclosure Ok*
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Bankruptcy Ok*
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Lend to LLC Or Corporation Ok*
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First-Time Investors Allowed*
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Interest-Only Programs Available*
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ITIN OK
Why Partner With Us
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Local Decision Making Allows Us To Give An Initial Approval (Quick Answers)
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We Can Usually Tell You Immediately If We Can Be Your Lender
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Click Below or Call Us About Your Scenario
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Upon receipt, the file will be reviewed and any missing items will be requested.*
Incomplete files will not be submitted for approval.*
Once the file is approved, An updated conditions list will be emailed with any outstanding conditions.*
Our approval is subject to the information presented on the Initial submission.*
Should the final package be different than the Initial submission, your loan terms, rate & approval might differ.*
Disclaimer: All loans are subject to the marketability, quality & condition of the subject property for approval.*
The programs advertised are not a commitment or guarantee from Accelerated Lending Group to lend.*
Programs, rates, and other terms and conditions are subject to change without notice, some restrictions apply*
PURCHASE
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Up to 50 - 65% LTV - case by case basis*
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Seller Contributions Ok*
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Minimum loan amount 50K*
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Loan amounts up to 2 million*
RATE & TERM REFINANCE
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Up to 50 - 60% LTV - case by case basis*
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Minimum loan amount 50K*
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Loan amounts up to 2 million*
REFINANCE CASH-OUT
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Up to 50 - 60% LTV - case by case basis*
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Minimum loan amount 50K*
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Loan amounts up to 2 million*
INITIAL SUBMISSION CHECKLIST
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Initial Submission Form & Checklist (SeeToolbox Below)
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Complete 1003 (Please submit in MISMO 3.4 Format)
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Copy of credit report within 60 Days of submission (All Pages)
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Copy of Valid Drivers License
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Copy of Social Security Card or ITIN CARD
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Copy of the borrower’s most recent first page only of the tax return.
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* If the property is (or will be) in the name of an LLC, Corporation, Trust, Estate, etc. then we will need all documents pertaining to that entity (EIN #, Articles of Incorporation ). (The loan application package needs to be completed by the person who will be signing for the entity)
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Statement of Information (SeeToolbox Below)
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Fully executed purchase agreement (If Applicable)
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Copy of most recent mortgage statement (For refinance loans)
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Are there current utilities on the property? (Gas, Power, Sewer, Water)
TOOLBOX (Downloadable PDF Forms Below)
TURN TIMES
INITIAL MLDS/UW
New Files (Purchase): 1-2 Business Days
New Files (Refi): 1-2 Business Days
Conditions: 1-2 Business Days
Closing
CTC MLDS Issuance: 1 Business Day
Loan Docs
Schedule at least 1 - 2 business days out from signed CTC MLD