Raw Land Mortgage Rates

Lenders consider raw land as the least desirable collateral for all land uses.

Raw land mortgage rates.

Agamerica lending offers recreational and large tract land loans for wildlife aficionados of all types. Unimproved raw land is usually the hardest to finance or get with favorable terms. Loan to value ratios on land loans are typically between 20 and 50 with most loans funding between 30 and 40 of the value. The better your credit score and more favorable your debt to income ratio the more likely it is that you qualify for lower rates.

Loan for lot land. 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. Get a loan to buy bare land in the country or a lot located in a small town. If the land you are looking to finance is located in california give us a call to discuss your scenario.

If you are purchasing raw land the preferred down payment can be as much as 30 to 50 of the total cost. Both fixed rate and fixed to adjustable interest rates are available with a variety of repayment options. Most will require more money down up to 50 percent and charge a much higher interest rate. Here are average current rates for a 10 year loan.

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. 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. Call today to discuss your land loan 877 462 3422.