Raw Land Mortgage

Agriculturally zoned properties are eligible.

Raw land mortgage.

No acreage restrictions. A land loan isn t always used to just buy raw land. Low down payment options. 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.

Both fixed rate and fixed to adjustable interest rates are available with a variety of repayment options. You don t want to spoil your purchase of raw or unimproved land so ask plenty of questions first. 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.

Loan for raw land. Raw land loan get the land you need for the plans you re making. Unimproved raw land is usually the hardest to finance or get with favorable terms. 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.

You may be able to extend the loan terms if you qualify for a construction to permanent loan. Finance raw land lots and acreage. Lenders consider raw land as the least desirable collateral for all land uses. 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.

Agamerica lending offers recreational and large tract land loans for wildlife aficionados of all types. 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. Raw land loans in minnesota and wisconsin. Shorter loan terms land loans typically have shorter and more restrictive repayment terms.

You can learn more about available loan terms here. The purpose and current use of the land can dictate the terms of the loan. Power well and septic aren t typically required. Or find a mortgage broker to do that legwork for you.

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. Local underwriting and servicing. It s expensive to add things like sewer lines and electricity to your property and there are numerous opportunities for unexpected expenses and delays. Lenders are more comfortable offering loans for lot property than they are for raw land so upfront costs are generally lower.

Great option for hunting land lake shore land or land to be purchased for future residence.