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Updated about 4 years ago on . Most recent reply

User Stats

216
Posts
80
Votes
Amy Ranae
  • Real Estate Broker
  • Maple Grove, MN
80
Votes |
216
Posts

Land loans for residential new construction

Amy Ranae
  • Real Estate Broker
  • Maple Grove, MN
Posted

Hi!

I have to come to an agreement with a seller for 25 acres of land. I need a loan to purchase this before I can get my plans in order and subs lined up to build. I am approved for the conventional loan on the back end.

I’m looking for a 20-25% down land loan and then a 20-25% down construction loan to follow in a few months. We would self build as we are licensed general and electrical contractors.

Do you know any lenders who can help with this?

Thank you!

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