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Updated over 2 years ago,
Land Loan Recommendations
I'm interested in purchasing an improved lot but have struggled finding options for the loan. The lot already has well, septic, and electric for one home and I plan to add additional after purchasing so that I can have multiple rental units. I'd be comfortable with a 25-30% down payment and I have a good credit score but the few companies that I've been recommended for a standard mortgage do not lend for land. Have any of you done similar deals and have a lender that you would recommend?