Land Financing
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 typically higher for land loans than for mortgage loans.
As might be expected that makes it more complicated to get a loan to purchase a land.
However we are very experienced in this field as well and definitely can offer you the best available solution.
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