Posted on: 24th Aug, 2010 10:24 am
Need information on types of loans to buy, owner seller, house on 5 acres with no foundation. It is not a moble home. It is a stick made house.
Can I get a loan? If the house has no value, how do I buy the 5 acres without cash?
Thanks!
Can I get a loan? If the house has no value, how do I buy the 5 acres without cash?
Thanks!
As it is a stick made house and the property does not have a foundation, it would be quite difficult for you to qualify for a loan. If you want to buy a land, then you can take out a land loan for the same. You can contact the local lenders who might help you with a land loan.