Land Loans

Do you have a vision of what you want your home to look like, but need the land to build it on?

Qualstar offers two (2) types of land loans to help make your dream home come true.

Raw Land

To qualify for a Raw Land loan, no improvements can exist – such as electricity, sewers or road access; improvements will need to be made to put a home on the property. This type of land can also be used for leisure and recreational purposes – such as camping and other outdoor activities.

Vacant Lot

A Vacant Lot is land that is ready to build on. Typical existing features include a building permit, completed zoning, a survey report, road/easement access, onsite utilities (water/gas/electric) and access to a public sewer system.

Other terms and requirements1 include:

  • 5, 10, and 15 year terms*
  • Purchase or Refinance
  • Maximum 80% LTV on vacant lots
  • Maximum 75% LTV on raw land
  • Full Appraisal Required on all transactions
  • 1% Funding Fee

1 Loan amount, term and final approval based on applicant’s credit history and Qualstar’s lending guidelines. Washington State only.