We just made an agreement to purchase property in another state for retirement. Closing is in 6 weeks. In speaking with the lender I called today they said they don't lend for land purchases in another state and also stated most lenders would only lend 50% for out of state if I could find one. Do we have to go to that state to apply for a loan or can this be done through the mail? The state is 8 hours away.
How do you go about finding a lender in another state because the property you wish to buy is there?