Securing your Land Loan through Charter Funding does not require you to obtain your construction loan through our company. However, we can assist with your long-term plans and make your overall process substantially more strategic, less stressful, and more profitable. Apply now!

Speak with a Construction Loan Specialists now: (888) 590-7466

A Land Loan is a good choice if you’ve found the lot but aren’t ready to begin construction.

• Minimum 10 to 20% down payment.
• 2 or 5 year loan-term options, both with long term amortization schedules, are available.
• Land Loans must be less than 40 acres.
• Qualifying loan amounts up $1,000,000.
• Full Documentation and Stated Income options are available.
• Building lots must be deemed zoned for single family residential construction.
• Additional requirements exist.

Here is a Building Lot Check List for Vacant Land and to use to prepare for a Land Loan.

Site Plan

• Plot Plan (shows house, easements, setbacks, septic, slope, etc.)
  
• Topographical Map (if required on a sloping lot)
  
• Grading Plan (if required by Building Department)
  
• Percolation Test (if a septic system is required)
  
• Septic Plan layout and/or septic design if engineered system is required
  
• Well site, depth, flow rate, water quality
  

Utilities

• Where is the closest place to tie into existing utilities?
  
• What is the cost of bringing electric to house site?
  
• What is the cost of bringing water to house site?
  
• What is the cost of bringing gas to house site?
  
• What is the cost of bringing sewer to house site?
  
• What is the cost of bringing telephone and cable to house site?
  
• What are the connection fees for all of the above from each Utility Company.
  

Building Department

• Is lot a legal building site?
  
• Are there easements on property?
  
• What are setbacks (front, rear, and sides)?
  
• What are Soft Costs associated with building your home?
  

• Fees (schools, road use, Fire Dept., environmental impact, etc.)
  
• Is engineering required on your home plans?
  
• Is engineering required on trusses PRIOR to submitting plans?
  
• GET A COPY OF THE BUILDING DEPARTMENT PLAN CHECK PROCESS.
  
• Get accurate idea of timeline for getting a Building Permit.
  

• Will other entities have a say in your home design and permitting process?
  
• Homeowners Association with Covenants, Codes, and Restrictions (CC & R’s)
  
• Coastal Commission
  
• Water District
  
• Department of Fish and Game, or other Governmental Environmental Agency
  

• Easements
  
• Road maintenance agreement
  

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