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Vacant Land Full & Lo Doc

Vacant Land Full & Lo Doc
land Overview
Advantage for 1st home buyers and investors to utilize this facility for purchase, refinance, debit consolidation and construction being residential and investment. LMI postcode restrictions apply to both loan size and LVR. Only one land security per loan is available Land is acceptable as additional security Vacant Land Loans are not available for property developers i.e. multiple block purchases in one of more sub-divisions.  Available for both regulated and non-regulated purposes.  LMI postcode restrictions apply to both loan size and LVR. Land must not be zoned rural Maximum land size of 2.2 hectares (5 acres) Security must be fully serviced i.e. water, electricity, sewer  Security cannot be income producing FHOG is not available
Target
Individuals (PAYG or self-employed), Companies, Partnerships or Trusts
Loan Purpose
Loans considered for direct purchase, refinance, debit consolidation and construction being residential and investment.
Loan Features
Split  Loans available up to four (4) accounts to a minimum of 10K
Loan Products
All facility included line of credit
Minimum Loan Size
$50k (Subject to the loan scenario and to the LVR) Double security
Maximum Loan size
$600,000(Subject to the loan scenario and to the LVR) Single security
Loan to Value Ratio
90% Prime Loans Full Docs
80% Prime Lo Docs
Minimum Loan Terms
Interest only from 1year
Fixed Interest from 1 yrs
Maximum Loan Terms
Interest only from 1year to 15 years and (P&I thereafter) to 40 yrs
Fixed Rates from 1year to 15 years and (P&I thereafter) to 40 yrs
Loan Repayment Frequency
Weekly, twice monthly or monthly, day and date can be nominated
Security Type
Residential vacant land and rural residential being occupier \ investment
Redraw Available
yes
Split Loan Available
yes
Dynamic Repayment
yes
Additional Repayment
Principal reductions accepted with minimum of $5,000 each time on the principal part if any
Loan statements
Issued Half Yearly (But you can ask us when required we will mail them to you charges apply).
Documentation Required
Subject to the loan purpose, please call 1300 790 909 for more details
Financial Information
Borrowers who can demonstrate means of serviceability
Qualifying Interest Rate
Please call our consultant on 1300 790 909 for more details
Other Conditions
A. Prime loans Borrowers must demonstrate serviceability with up to date detailed financial statements covering last 12 months + 4 pay slips  for (Full doc Loans)
B. Lo Doc Borrowers must be self employed or an Investor , has an ABN number and  registered for GST and in business for the past 2 years

Address

FIRM FINANCE PTY LTD.

Level 2 / 124 Exhibition Street
Melbourne VIC 3000
 
Phone: +613 9654 9090
Fax: +613 9654 9098
Mobile: +61 418 553 009

Licence No 390620