Can I get a loan using land as collateral?

Looking for quick cash buyer. Value of land is $160,000. Will sell for cash at $110,000. Call 407-209-8507.

Check out the given page in regards to your query:
http://www.mortgagefit.com/postdeal/about36397.html#156281

My husband and I are trying to get a home loan for in town. We have about $500,000 worth of crop land in contract-for-deed. It is in our possession. We cannot get a home loan the normal way since we showed a loss on our last income tax report. The home loan would have to be in only my name and I don't make quite enough. Our credit scores are very poor, but on the way up.
My question is... is there any way we could take out an ag loan using our crop land as collateral for a $209,000 house? Or is this impossible?

Hi Guest,

Your query has been replied to in the given page:
http://www.mortgagefit.com/loantalk/deedcontract-poorscore.html

Take a look at it. Hope it helps you.

Thanks

I want to let my cousin use my land for collateral to get a loan, her name
is not on the deed, is their any way that I can let her use the land ?

Hi Beverly!

Welcome to forums!

Unless you add your name to the property deed, your cousin won't be able to use the land as a collateral to get a mortgage.

Feel free to ask if you've further queries.

Sussane

I own a house and land (paied for) Would like to borrow 25000. The home is worth 80,000. My credit score is only 645. you think i could get the loan

Welcome Guest,

You can apply for a FHA loan. With the credit score that you have, there are chances that you'll be able to qualify for a FHA loan.

i have 2 acres that already had a mobile home on the land. I do not owe anything and do not have any leins on the property. I added on to the mobile home and made it very nice. I have been doing this with my own money over past few years. I want to borrow money to finsh, however i am having a problem the banks said it they can't do it because it is to hard beacuse i did the previous remodeling with my own money. Help?

Hi candy!

Welcome to forums!

You may contact the lenders who offer personal loans and check out if they can help you with a loan which will help you in finishing the required home improvements.

Feel free to ask if you've further queries.

Sussane

trying to get loan using deed as collaral

Welcome cynthia,

Yes, you will be able to get a loan using the property as collateral. The lien will be placed on the property.

I want to borrow 25,000 for debt consolidation. i own my single wide and 2 acres of land free and clear

Hi cindy,

If you have the required credit score and meet all the other financial criteria of the lender, then you will be able to get the loan.

Thanks