2) Vacant Land Loan Calculator: 100% Financing Property.
3) Land Loans.com - Raw and Construction Land Loans for.
First Florida Credit Union can help you secure that lot or tract of land you’ve always wanted to build your home on. That is why we offer great financing options that will make your dream a reality.
Whether you are buying one acre to build a house or 1,000 acres to farm, Colonial Farm Credit is your first choice for land financing. We have been providing financing and expertise on land purchases for more than 100 years. We can handle the unusual situations that arise with land purchases and usually close your loan with lower fees than conventional lenders.
Thinking about purchasing land in the country for recreational purposes such as hunting or fishing, or to build your dream home? Farm Credit Mid-America understands the features that make rural properties unique from those in the city. We can help you determine which of our affordable land loan options will work best for you.
Kentucky (excludes Ballard, Calloway, Carlisle, Fulton, Graves, Hickman, Marshall and McCracken.);
Ohio (excludes Lucas, Wood, Hancock, Ottawa, Sandusky, Seneca, Crawford, Wyandot and Marion counties).
Dear Dr. Don,
I'm interested in buying some land. I want to know what type of loan would be best for this. What is the name of such loans for land purchases? I will have money to use as a down payment, at least the required percentage anyway. How do I go about finding the best interest rate for a land loan ? The amount I want to borrow is about $80,000.
-- Rachel Rancher
When talking about land loans, one really is discussing something different from what people are accustomed to with home purchases and mortgages. The good news is that there are several avenues along which you can travel to your destination.
For lenders, land loans are riskier because the loan's collateral, the property, isn't being used for housing, at least in the near term. That makes it easier for an owner to walk away and leave the lender stuck with the land. Because of that risk, down payments and interest rates are higher for land loans than for mortgage loans.Tags: land, loans,