Raw Land Mortgage

Agriculturally zoned properties are eligible.

Raw land mortgage.

Lot land is usually building space for residential construction in developed areas. It s expensive to add things like sewer lines and electricity to your property and there are numerous opportunities for unexpected expenses and delays. Unimproved raw land is usually the hardest to finance or get with favorable terms. Finance raw land lots and acreage.

You may be able to extend the loan terms if you qualify for a construction to permanent loan. Most will require more money down up to 50 percent and charge a much higher. You can learn more about available loan terms here. No acreage restrictions.

If you are intending to purchase raw land you should expect the loan terms to be even more restricted with terms be limited to under 10 years. Lenders are more comfortable offering loans for lot property than they are for raw land so upfront costs are generally lower. The purpose and current use of the land can dictate the terms of the loan. Or find a mortgage broker to do that legwork for you.

Agamerica lending offers recreational and large tract land loans for wildlife aficionados of all types. Whether you re a hunter hiker angler or conservationist buying a large tract of recreational land is a goal that we can help you realize. Finding financing for a land purchase is contingent on whether the parcel is a lot or raw land plans for development and finding lenders comfortable with higher risk loans. Loan for raw land.

Most often these loans are used to purchase a vacant lot and also finance the construction of a structure whether it be a home or business. Unlike raw land lot land has some type of infrastructure already in place such as lines for electricity and water. Depending on your financial capabilities and the intent of how you want to use the land it can be relatively easy or more difficult to get funding. Consult agamerica s team of land lending specialists on your next recreational tract purchase.

Raw land loans in minnesota and wisconsin. Low down payment options. Power well and septic aren t typically required. You can finance raw land but lenders may be hesitant unless that s typical for your area for example some areas rely on propane wells and septic systems.

Lenders consider raw land as the least desirable collateral for all land uses. Both fixed rate and fixed to adjustable interest rates are available with a variety of repayment options. A land loan isn t always used to just buy raw land. Shorter loan terms land loans typically have shorter and more restrictive repayment terms.

Raw land loan get the land you need for the plans you re making.