get a loan using my land as colletrol

Asked by Beckylovessharonandkayla, Mount Airy, NC Wed Apr 17, 2013

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Stephen Gwal…, Agent, Pilot Mountain, NC
Thu Apr 18, 2013
Becky, Bank don't like land. Therefore it is hard to get money on land. If you do it would be at 50% value and a high rate. There is the Land Bank like Carolina Farm Creit, 336-368-4761.
You can use your land colletrol to build a home and they will roll it into one loan. I hope this helps.
Stephen Gwaltney, Dan River Real Estate
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Deamie Thomp…, Home Seller, Mount Airy, NC
Thu Apr 18, 2013
Hi Becky. I would assume that getting a loan using land as collateral would be up to the bank. The house we have for sale is now with a realtor.
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Deamie Thomp…, Home Seller, Mount Airy, NC
Thu Apr 18, 2013
Hi Becky. I would assume that getting a loan using land as collateral would be up to the bank. The house we have for sale is now with a realtor.
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