The Spurr Mortgage Advantage enables you to finance undeveloped land or a residential lot with No Down Payment at 100% Financing of the contract amount up to $250,000. The mortgage payments are amortized over a 15 year term of equal monthly payments with a 5 year balloon at a fixed interest rate. The calculator on this page will help to compute the monthly payment.
Conditions and Benefits:
- Title Insurance required
- Land Appraisal required
- No Down Payment required
- No survey
- No prepayment penalties
- No Commercial Land
- No Acreage Limitation
- No Flood Certification
- No Hidden Fees (Click Closing Fees above)
- Property can NOT have a residential structure
- A minimum credit score of 680 is required
- Property can be financed with or without utilities
- Click on Closing Fees for estimated closing costs
A quick phone call to 405-348-9919, or click on the Mortgage PreFlight button to apply online and get your Loan Approval underway.