2006-08-13 03:01:14 · 3 answers · asked by kristi p 1 in Home & Garden ➔ Other - Home & Garden
It depends on the circumstances. First, if there is a loan on the portion of land you already occupy, you will probably have to get that paid off in order to get a loan, unless you are capable of paying on both simultaneously. Either way, you will probably want to go to the bank and get preapproved for a land loan. You will probably need the mortgage department since the land is being used for a residence, but it's possible it might fall under another department. They should be able to tell you that. Once you get preapproved, you can then find a piece of land that falls in the range that you can afford. If you already have found the land, you can get approved for that particular piece. Make sure to include the costs of moving the home in the loan unless you can pay for that out of pocket. You might want to check out some places like e-loan as well to find the best deal. Good luck, hope this helps.
2006-08-13 03:10:45 · answer #1 · answered by theeconomicsguy 5 · 0⤊ 0⤋
talk to your bank. generally, though, the rules for getting unimproved land are different than for getting a mortgage - they usually require a larger portion of your own money.
2006-08-13 03:07:05 · answer #2 · answered by ceprn 6 · 0⤊ 0⤋
go to a bank or a loan office
2006-08-13 03:15:59 · answer #3 · answered by chotpeper 4 · 0⤊ 0⤋