Posted on: 06th Dec, 2008 08:32 pm
I need a land loan for 40 acres. Land is already approved and has plans for 20 homes. Need 50%. Asking price is 2.5mm
Hi Guest,
Getting land loans at 50% LTV will become a bit difficult for you. But still you can try looking for it. You can speak to the local lenders of your area and check the rates and terms they are offering. If you feel they are good, you can go for the one which you can afford. You can also consult the lenders of this community and seek a no-obligation free mortgage consultation from them. This will help you get an idea whether you will be getting a loan or not. You will also be able to compare the rate and terms prevailing in the market.
Thanks
Getting land loans at 50% LTV will become a bit difficult for you. But still you can try looking for it. You can speak to the local lenders of your area and check the rates and terms they are offering. If you feel they are good, you can go for the one which you can afford. You can also consult the lenders of this community and seek a no-obligation free mortgage consultation from them. This will help you get an idea whether you will be getting a loan or not. You will also be able to compare the rate and terms prevailing in the market.
Thanks
best I've seen lately is 35% LTV Full doc.
