Posted on: 07th May, 2008 03:18 pm
I have 6 ac. of land in tx. What do i need, besides the deed, to get a loan fast?
Welcome Shata,
To get the loan the only other step will be a title search, survey, and an appraisal which any lender will do before the will loan you money.
You will need to contact a lender who will pre-qualify you for a loan. If you just need the money fast then you could go with a hard money lender. However, the interest rates they will charge you will be off the charts.
To get the loan the only other step will be a title search, survey, and an appraisal which any lender will do before the will loan you money.
You will need to contact a lender who will pre-qualify you for a loan. If you just need the money fast then you could go with a hard money lender. However, the interest rates they will charge you will be off the charts.
Hey Shata,
Lot loans have gotten even more difficult to get than they ever have been before. Your best bet is to go to a local bank, preferably where you have accts. 65% LTV is usually the norm, and the days of stated lot loans are gone as far as I know.
Good luck!
Kim
Lot loans have gotten even more difficult to get than they ever have been before. Your best bet is to go to a local bank, preferably where you have accts. 65% LTV is usually the norm, and the days of stated lot loans are gone as far as I know.
Good luck!
Kim
