2006-07-26 15:09:20 · 4 answers · asked by Robert A 2 in Business & Finance ➔ Renting & Real Estate
Depends upon the zoning. If Residential, you're talking subprime and individual lender policy. If Agricultural, talk to the Department of Agriculture, which keeps lists of lenders for that purpose. Commercial and Industrial go to commercial real estate lenders.
Expect all of the above to have significant down payment requirements. You're probably not going to get 100% financing or anything close to it.
2006-07-26 16:16:21 · answer #1 · answered by Searchlight Crusade 5 · 0⤊ 0⤋
ues yahoo search keywords: land loan
Most all banks will do a land loan....
You will get alot of hits, and a better understanding of what you want to do. Or you can use a Broker, and a Broker only pulls your credit report 1 time, and lenders will use his/her credit report, where as if you shop around, and 1 place pulls your credit, and they can't do the loan, you go elsewhere, and that person pulls your credit (see what I mean). Even though it is considered a "soft" pull, over a 30 day period, it is the same as shoping for a car - that is considered a soft pull. BUT, apply for a credit card, gas card, etc and that is considered a "Hard" pull, and will pull your credit down.
2006-07-26 23:39:41 · answer #2 · answered by W. E 5 · 0⤊ 0⤋
I work with several lenders who do Land Loans, they are out there.
I suggest you consult with a professional Mortgage Planner to discussion your needs, situation, and goals. Have you found the land already? Do you have a down payment? Do you know your credit situation? Lot's of unanswered questions...
2006-07-26 22:54:26 · answer #3 · answered by ReggieWjr1 4 · 0⤊ 0⤋
you didnt your state . but many banks will do this there is a world wide bank but the best bank i have read on is . the bank of mingo. . in williamson.w.va. . they have many branches and are very good to do transchations. with in my opion. ?
2006-07-26 22:17:20 · answer #4 · answered by the_silverfoxx 7 · 0⤊ 0⤋