- Land Loan
- Land Mortgage
- Vacant Land Loan
- Raw Land Loan
- Lot Loan
- Land Purchase Loan
Last weekend you stumbled across the most beautiful piece of vacant land. All weekend you mentally designed your dream home and arranged all the furniture! It has everything you always wanted on a piece of land. You have been both excited and tormented about getting your hands on it before someone else discovers your "jewel". All you need is a raw land loan to make your dream come true!
Owning land is a popular desire for many people. Whether you just want to camp on it in the Summer, or you would like to build on it some day, the lure of ownership strikes many people just like you. A vacant land loan is what you need to attain the dream.
Land loans are unique in some respects, yet very much like the mortgage on your home. Expect to provide the "standard" documentation such as pay stubs and bank statements. And the process takes about the same amount of time so long as no unexpected problems arise.
The most noticeable difference with a land mortgage is the fact that 100% financing is not available. Everyone must make a down payment. The good news is a 90% land loan program does exixt. But, because raw land is relatively inexpensive (when compared to a home or other real property) the down payment requirement on a vacant land loan is usually quite manageable.
