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Updated about 2 years ago on . Most recent reply
Land loan with 10% down?
My brother is investigating a potential investment property that could have significant upside if certain easements are obtained. He intends to keep the land for personal use initially, however. The purchase price would be around 200K. I am fairly unfamiliar with land loans, and my brother is only capable of a 10-15% down payment at this time. Do any lenders on this forum have advice on loan types or options? Thanks in advance!
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Erik Estrada
#2 Private Lending & Conventional Mortgage Advice Contributor
Lender
#2 Private Lending & Conventional Mortgage Advice Contributor
- Lender
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Erik Estrada
#2 Private Lending & Conventional Mortgage Advice Contributor
Lender
#2 Private Lending & Conventional Mortgage Advice Contributor
- Lender
Most land loans require at least 50% down and are short term. What is the goal in getting the land? Ground up construction?
- Erik Estrada
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