Raw Land Mortgage

Both fixed rate and fixed to adjustable interest rates are available with a variety of repayment options.

Raw land mortgage.

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. Raw land loan get the land you need for the plans you re making. No acreage restrictions. It s expensive to add things like sewer lines and electricity to your property and there are numerous opportunities for unexpected expenses and delays.

Unimproved raw land is usually the hardest to finance or get with favorable terms. Power well and septic aren t typically required. Lenders consider raw land as the least desirable collateral for all land uses. 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.

Unlike raw land lot land has some type of infrastructure already in place such as lines for electricity and water. Consult agamerica s team of land lending specialists on your next recreational tract purchase. Low down payment options. 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.

Or find a mortgage broker to do that legwork for you. Agriculturally zoned properties are eligible. Lot land is usually building space for residential construction in developed areas. Loan for raw land.

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. Agamerica lending offers recreational and large tract land loans for wildlife aficionados of all types. The purpose and current use of the land can dictate the terms of the loan. You can learn more about available loan terms here.

Finance raw land lots and acreage. Local underwriting and servicing. 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. Great option for hunting land lake shore land or land to be purchased for future residence.

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. Shorter loan terms land loans typically have shorter and more restrictive repayment terms. A land loan isn t always used to just buy raw land. Most will require more money down up to 50 percent and charge a much higher.

You don t want to spoil your purchase of raw or unimproved land so ask plenty of questions first.