If you have found the perfect piece of land and are looking for a lot loan, call 1-800-766-9510 today!
We specialize in land only financing. Whether you are purchasing a piece of property on the lake or in that perfect subdivision you have always wanted to live in, our land only program is the answer. Now is maybe the time to buy that perfect piece of land. Whether you are purchasing lake property, mountain view property, or acreage in the country, our program fits your needs.
Vanderbilt Mortgage's land program also includes refinancing for lot loans. If you have a land loan that is on a balloon or variable interest rate, call us today to get a fixed interest rate, fixed term loan and start saving money.
Our land loan financing program is designed to meet your needs:
Low down payment on lot loans
ZERO down payment on lake front lots, 5% down on all other pieces of land. Larger down payments may be required on acreage over 20 acres.
Fixed Interest Rates
With fixed interest rate loans, your payment will never fluctuate due to the interest rate changes in the mortgage lending market. You can budget with confidence over the entire term of the loan. No balloon loans available.
Longer fixed terms
We believe you deserve the terms you request. You can obtain a fixed term up to 25 years depending on the size of the loan. No balloon notes.
Smart Mortgage
When financing for lots, our program allows you to make bi-weekly payments through automatic bank drafts which will save you thousands of dollars in interest.
No prepayment penalties
You can pay off your loan as early as you want without any kind of penalty.
Land must be zoned for residential use
No application fees
We know financing can seem overwhelming, so please call our friendly, knowledgeable land specialists at 1-800-766-9510 to answer all your questions, or simply fill out the
Information Request Form and we will call you at your convenience.
