Financing Land Purchase In Colorado

Pre qualifying for a colorado land loan.

Financing land purchase in colorado.

Land loan rates will vary depending on the credit package. Raw land loans that dream piece of land in the rocky mountains is within your reach with pikes peak credit union s raw land loans. Competitive interest rates flexible terms ranging from. To speak to a mortgage representative call 1 800 580 3300 select option 3 then option 2.

A land loan allows you to purchase a lot and stake your claim before you ever begin to think about construction alleviating a few of the unknowns that can come along with a new home build. Drop us a line. It can be difficult for some buyers to come up with. Drop us a line.

Owner finance land for sale. Remember that land loans can vary daily because of each lenders specific guidelines. Owner financing available 500 down 283 per monthgps center. Find lots acreage rural lots and more on zillow.

Get a loan to buy bare land in the country or a lot located in a small town. Eliminate wasted time in the purchase transaction with a pre approval. 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. Farm credit institutions typically seek at least 20 percent down payment for a land purchase.

Taylor mortgage group can do some land loans for as little as 20 down. We offer two fixed rate loan options. Search land for sale in colorado. 38 768151 105 774345owner financing 500 down 283 per month for 120 monthsor cash.

Up to 60 months and 61 120 months. Both fixed rate and fixed to adjustable interest rates are available with a variety of repayment options. Buying raw land can be significantly cheaper than buying already improved land but it will be harder to find a lender willing to finance your purchase. Our land loans require an appraisal are for colorado real estate only and the amount financed cannot be over 200 000 or 70 of the appraised value or selling price.

We offer competitive rates and flexible terms to help you buy unimproved property in colorado s el paso teller and park counties. While using a farm credit institution is more cost effective than owner financing or leasing to buy it is more costly than purchasing in cash. If you do find a lender willing to work with you on your purchase of a raw parcel you may find that your loan will fall under the umbrella of commercial lending in which case you should.