SEE OUR UPDATED VIDEO HERE: • How to Get a Land Loan !
Official Land Purchase and Sale Contract: bit.ly/2UTa3Nz
Free Template: eforms.com/purchase-agreement...
Land loans aren’t your typical home mortgage, and getting one is more difficult. In this video, we’re going to cover:
- The Difficulties of Land Loans
- Types of Land
- How and Where to Get a Land Loan
Land loans are harder to qualify for because it’s harder for a lender to re-sell a piece of land than a fully constructed house. So, down payments and interest rates are usually higher for land loans than for mortgages.
So while undeveloped land is generally cheaper than developed land, it’s important to know that financing it can sometimes be a challenge. The upside, of course, is that building your own home or office from the ground up can be really rewarding. Taking this route lets you customize every single detail.
DISCLAIMER:
This video is strictly for educational purposes and is in no way intended to provide legal advice. We do not make any warranties about the completeness, reliability, and accuracy of this information. Any action you take upon the information on this video is strictly at your own risk, and we will not be liable for any losses and damages in connection with the use of our videos.
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0:00 Intro:
0:23 We'll Discuss:
0:30 Why Is Obtaining A Land Loan More Difficult:
1:04 Types Of Land:
2:04 Where Can You Get A Land Loan:
2:31 504 Loan:
3:03 7(A) Loan:
3:15 VA Loan Possible If Served In Military:
3:45 Section 523 Loan:
4:00 Section 524 Loan:
29 июн 2024
