Land Loan Program
Red Oak Mortgage is proud to offer land loan financing designed to help you take the first step toward building your future.
Key Benefits
Fixed rate for the life of the loan
10-year loan term
No prepayment penalty (pay off early with no fees)
Loan Amounts
Loans from $50,000 to $500,000
What You Can Use It For
Purchase vacant land
Refinance existing land loans
Property Requirements
Must be a buildable residential lot (1–4 unit zoning)
Maximum 20 acres
Investment properties only (not for primary residence construction loans)
Down Payment & Credit
Minimum 20% down payment
Minimum 680 credit score
Debt-to-income ratio up to 43%
Who Can Qualify
U.S. citizens and permanent residents
Up to 4 borrowers allowed
Additional Details
Property taxes are escrowed
Title insurance required
Eligible States
This program is currently available in:
New Jersey, Pennsylvania, North Carolina, South Carolina, Florida, Idaho, and Delaware
Ready to Learn More?
If you’re curious whether our land loan program makes sense for you, we’re here to help. Contact us today to find out more about the great program!