I had a fellow tell me last week that even though he thought some of the best values ON THE PLANET, were my lot listings in DeBordieu, he didn’t want to go that route because financing for lots was not available. Au Contraire!
According to my friend Leigh Reid with First Trust Mortgage in Pawleys Island, Lot Loans ARE available! This is what they look like:
3 Year Balloon - 25 year amortization
Rate 7.375%
LTV Requirement:
70%, $50,000.00 to $200,000.
60%, up to $500,000.
Here’s the small print: "All loans subject to credit approval and completed financial statement.
Rates quoted with FTMC collecting 1% origination. All rates subject to change at any time. Applicant pays all closing costs."
But hey…. get it straight from source. Call Leigh at 843-235-8681, or email her at lreid@ftmhome.com.
There has never been a better time to purchase property in DeBordieu!
Here is a sample of a few of those lots. Click on the link to see more info and some great pictures:
Lot 23 Old Carriage, $298,000
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