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Updated almost 2 years ago,
Need Help with Land Loan ASAP
-13 acres in Amherst, Va for $130k with purchase agreement signed and closing date of 15 March.
-$70k down. Looking to finance $60k or if it makes sense for lender, we put $70k towards loan of $130k.
-Credit around 665-674
-Active Duty
-DTI around 64%
Goal of land:
Land is adjacent to primary residence. Want to build a small cabin in 1-2 years to use as a retreat for Wounded Warriors and Airbnb.