Raw Land Mortgage Rates

Loan for lot land.

Raw land mortgage rates. Agamerica lending offers recreational and large tract land loans for wildlife aficionados of all types. Most will require more money down up to 50 percent and charge a much higher interest rate. Consult agamerica s team of land lending specialists on your next recreational tract purchase. Bare land acreage and lot loans.

Unimproved raw land is usually the hardest to finance or get with favorable terms. Even if you plan to build a future home on the property in most cases water well and septic aren t required at time of financing. The better your credit score and more favorable your debt to income ratio the more likely it is that you qualify for lower rates. If you are purchasing raw land the preferred down payment can be as much as 30 to 50 of the total cost.

California land lot acreage ranch farm loan financing entitlements improvements avoid tax sales land purchase and refinance rates start at 9 99 ltv up to 50 loan amounts from 50 000 to 1 000 000 1 3 year terms no prepayment penalty. 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. Larger down payments land loans typically require a larger down payment than traditional mortgages often as much as 20 to 30 of the asking price. Both fixed rate and fixed to adjustable interest rates are available with a variety of repayment options.

Here are average current rates for a 10 year loan. If the land you are looking to finance is located in california give us a call to discuss your scenario. Lenders consider raw land as the least desirable collateral for all land uses.