Im trying to buy a seasonal lake cabin on leased land in minnesota. Does anyone know a fiinancial institute?

Sara
Home Buyer
St Paul, TX

that would finance something like this? I have tried everywhere and no place will touch it.
Thanks, In Need Quickly,
Sara

Answers (4)
Kathy and Steve...
Agent
Faribault, MN

Is this property on leased land or in a coop? Most banks wil lnot lend on leased land. You might try a credit union if you have one at work. Where is the property located? Some smaller bank may lend 50%. Most people take out an equity line on their homestead. Good luck.

Wed Jun 10 2009, 11:01
Lynn911.com Dal...
Agent
Dallas, TX

Sometimes it depends on the value, and etc. not enough info here answer.
http://www.lynn911.com

Mon Jun 30 2008, 16:05
Stacia & Ben Go...
Agent
Stillwater, MN

Hi Sara,
We work with a great lender who might be able to help you out, and if he can't he should be able to point you in the right direction. Contact Blair at Prime Mortgage (763) 222-1502

Mon Jun 30 2008, 16:03
Aaron Dickinson...
Agent
Minneapolis, MN
FIRST ANSWER

You might be able to get a personal loan or something like an RV loan but because the home is not on a piece of owned property, it is very likely no one will give you a traditional mortgage.

Mon Jun 30 2008, 16:03

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