Home Buying in Frisco>Question Details

Leeanna Dunk…, Home Buyer in Frisco, TX

We are looking to purchase land to build a home. Do I have to get two separate loans or can I get 1 loan for both?

Asked by Leeanna Dunkin, Frisco, TX Tue Apr 24, 2012

Help the community by answering this question:



You can get one loan for both, and I highly recommend that method. I have helped many clients through this same situation, and I can tell you, you want to get one loan if you can. It's not very easy to get a loan for raw land right now.

Please feel free to call me and I'll be glad to share the details of my previous deals.

Cindy Spurlock
Keller Williams
1 vote Thank Flag Link Tue Apr 24, 2012
Hi Leeanna,

It's going to depend on where you decide to build - Are you going out in the country or trying to stay in Frisco? Give me a call - With a few more details I think I can point you in the right direction!

Andrea Brooks
Keller Williams
1 vote Thank Flag Link Tue Apr 24, 2012
It all depends on how soon you plan to build after purchasing the land. There are loans where you can combine these. Speak to some lenders to find one with experience as the terms can vary greatly.

Don Groff
REALTOR® | Mortgage Broker
Keller Williams Realty | 360 Lending Group
o 512.669.5599 m 512.633.4157
0 votes Thank Flag Link Thu Apr 26, 2012
Many more questions need to be answered in order to assist you .

Lynn911 Dallas Realtor & Consultant, Credit Repair Advisor
0 votes Thank Flag Link Tue Apr 24, 2012
We want to go out in the country...Thanks!
0 votes Thank Flag Link Tue Apr 24, 2012
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2016 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer