We recently found a source for home-site(lot) financing on Hilton Head Island.  For a limited time because the Island has a limited resource of land, lots offer some very compelling pricing and incredible locations on Hilton Head Island right now.  Listed below are the basics from Alan Perry from Synovous Mortage.

Lot Program
  • Purpose- primary or second home proposed use- no spec or investor
  • 75% Loan to value
  • 1% origination fee
  • 15 year amortization with a 5 year call
  • Credit risk scoring model for rates (currently we are seeing them around 5%
  • They do require a banking relationship be established if there is not one already.

The application process is pretty simple. A buyer will be required to out a personal financial statement, a preference letter, provide 2 years tax returns and asset statements.  Contact Alan below for more information:

Alan Perry
Loan Originator
210 Central Avenue
Hilton Head Is., SC 29926
Office (843) 681- 2416
Mobile (843) 683-3634
Fax (843) 681-2801