Hello,
If you want to buy some land - or if you have been considering buying land... I can help.
We do land loans! I want to give you a few brief guidelines to go by - so you will know what would qualify for a land loan.
Here are the guidelines...
· Land must be located in a rural area, or if in a city - population must be less than 2,500.
· Minimum loan amount is $55,000.
· No cash out on refinance loans.
· Must be purchase with the intent to build a home (new primary residence) on it.
· No seasoning required on down payment funds.
· Property must have public road access.
· Property needs to have access to electricity.
· Need a minimum credit score of 620.
· Requires 25% down.
· Maximum loan amount is $300,000.
That's it. So, if you want to buy some land - let me know, and I'll be happy to get you pre qualified.
I hope you have a good day today. Thanks for reading!
Brett
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