Land Loans / Unimproved Property
Pen Air offers financing for vacant, unimproved property purchases and refinances. For a purchase we offer financing up to 80% of the purchase price or appraised value whichever is less. For a refinance of an existing land loan or to request cash-out on land you own, we offer financing up to 80% of the appraised value. The loan term is 15 years. The rate is fixed and is determined by credit score.
We Also Offer
A Conventional loan is not a government insured loan program. A Conventional loan can offer a down payment with as little as 3%. If you have less t...
An FHA loan is a government insured program. The Federal Housing Administration (FHA) insures these loans. One key benefit to utilizing an FHA loan...
A VA loan is government insured by the US Department of Veteran Affairs. For qualified active duty service members & veterans this is a great progr...
Pen Air offers financing through the USDA's Single Family Housing Guaranteed Loan Program. The program allows 100% financing for home purchasing. T...