Financing between 50% up to 75% of the land’s market value. Maximum financing is determined by the location of the land and its size.
Mortgage Specialist Heidi Hamano offers one stop service for a wide rage of mortgages.
Land financing is available for those who are in the market to purchase row land. However, expect to put down much larger down payments than you would on a lot with a house. Down payments for lots are generally ranging between 20 and 50% of the purchase price. If the service lot is purchased with an intention to build a new home, the required down payment is usually less. Lenders that offer the land financing is limited especially if the location is remote, making working with a mortgage specialist highly recommended.