Zillow Advice: Mortgage - How do you go about finding a lender in another state because the property you wish to buy is there?

Be prepared to pay a large ...

Tue, 21 Apr 2009 02:21:00 GMT

Be prepared to pay a large percentage down as LAND is the most insolvent of all RE these days. You can't live in it and we have bajillions of vacant homes.. It is the highest risk.. Yes, local bank near the land and good luck to you and enjoy your retirement.. Easier way... if you have sufficient equity.. take it out of your home... pay cash.. be done with the hassle. Debt is debt... Good luck.

Try contacting a local bank ...

Tue, 21 Apr 2009 02:16:00 GMT

Try contacting a local bank near the land you are buying. Loans on vacant land are tough to come by... good luck.

Unlikely you would need to ...

Tue, 21 Apr 2009 00:52:00 GMT

Unlikely you would need to travel to get the loan. Land purchases are tough loans. You can look through the Directory here on Zillow for the area you need a loan in, and contact lenders to see if you can find a match.