Home Buying in Saugus>Question Details

rickss38, Home Buyer in Saugus, CA

does anyone know a bank that will finance land? i spoke to my credit union and BofA and they do not.

Asked by rickss38, Saugus, CA Tue Apr 23, 2013

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5
Sorry not sure, there are rumors that they banks are going to start loans for land soon.
1 vote Thank Flag Link Tue May 7, 2013
I love the website!
Flag Mon May 13, 2013
Your best bet would be 50% down with seller carryback. Most Banks won't lend you on Land.
If you have further questions contact me at 818-426-8310
Thank you
Ashwin & Angela
1 vote Thank Flag Link Wed Apr 24, 2013
I don't know of any banks that will lend on land. I would suggest that you talk to the seller about financing it for you - this is pretty common with land deals. The seller acts like a lender in this situation, and you make payments to them.

Good luck!
0 votes Thank Flag Link Tue Apr 23, 2013
Not that I can think of... try Wells Fargo or if not hard money.
0 votes Thank Flag Link Tue Apr 23, 2013
There are a number of Mortgage people on this website, notify one of them.
0 votes Thank Flag Link Tue Apr 23, 2013
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