The Lowest Cost loan is available when the normal costs of originating a loan is rolled into the percentage rate of the loan, thus "rolling in" the costs to the loan note.  Effectively this is the same as a "Par-Pricing" loan, and has the same terms as Par-Pricing.

• $150,000 - $1,500,000 Loan
• 50% - 60% LTV  (Raw Land - 25% LTV)
• 13.99% APR Fixed Rate - 15.99% APR Fixed Rate (Depending on LTV)
• Usually Fixed Rate 5 Year Balloon with a 25 Year Amortizing payment  (optional 10 Year Ballon for +1.0% APR; optional 15 year Balloon for +2.0% APR)
• Pre-Payment Penalty: 12 Months Interest Guarantee

There will still be Inspection fees, Underwriting fees, and possibly Appraisal fees.