Looking for vacant land in Scio. Will lenders loan on this? If not, are sellers offering land contracts? What is the going rate(s) on either loan?

Asked by evesdropper1, Ann Arbor, MI Thu Aug 16, 2012

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Bob Schweiss, Agent, Livonia, MI
Fri Aug 17, 2012
Yes there are plenty of vacant lots in Scio. University Lenders are a very good lender to work with on financing. If i ca help you please call.

Bob Schweiss
Remerica Hometown One
(313)779-6188
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Pat Daum, Agent, ANN ARBOR, MI
Thu Aug 16, 2012
Yes, lenders will provide a loan for vacant land (I didn't see any specific property in your note). Land contracts are sometimes offered but it depends on each individual situation. Lender rates are currently around 4% or lower. Land contract rates usually go about 2% higher than conventional loan... so 6-7%. There are currently 54 listings for vacant lots in Scio Township.

Please give me a call to discuss further. Thanks.
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