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Land/Lot Loan Financing Options

I'm looking at purchasing land in order to build on five or more years down the road.  I was told that land/lot loans are more difficult to obtain than conventional loans, and have higher down payments and interest rates.  What options do I have?
  • July 08 - US
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Answers (1)

Contact a local bank or credit union as they may have land/lot loans.  Most traditional banks and lenders do not lend solely on land.
  • July 08
  • 0Yes

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