Are any of you familiar with lenders that offer loans for vacant land?
705This will not include the construction of a home. I'm seeking a lender that can finance land by itself. Thanks!
8 answer(s)
About 5 years ago
Houston Community Bank. (281) 537-7200 Mr Al Dean.
Or any small bank close to the property can usually help out.
Or any small bank close to the property can usually help out.
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DislikeAbout 5 years ago
HK Lending offers various programs for vacant land. Of course, each client’s situation is unique. You may contact Harold at 832.648.4603 or email harold@hnklending.com for more information. You can also visit their website at www.hnklending.com. Please let them know Kay sent you.
source:
Www.hnklending.com
Www.hnklending.com
About 5 years ago
There are some loans that will allow you to buy a land once you have picked a builder that is already approved by that lender - in this case you should be planning to build once you buy the land. Few lenses will lend money just for the land itself and it may be a little challenging to qualify if you are doing it for the first time. I had few clients that ended up paying cash since they were just investing in the land when they dedicded to buy. I do have some lenders to refer to you if you would like me to send over. Good luck and count on me anytime! Cheers,
Carla Costa 281.871.7446
Carla Costa 281.871.7446
About 5 years ago
If you are a veteran, you can use the Texas Veterans Land Board for these types of loans.
source:
http://www.glo.texas.gov/vlb/index.html
http://www.glo.texas.gov/vlb/index.html
About 5 years ago
It is my understanding that Gateway Mortgage has started dealing in undeveloped land. For a definitive answer, I would talk to Kim Crook at Gateway. We deal with a lot of raw land, but most of our buyers are cash sales.
About 5 years ago
Abe Mendez with Cross Country Mortgage. Tell him I sent you ???? 832-538-4711
Disclaimer: Answers provided are just opinions and should not be accepted as advice.
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