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Financing in 95070 : Real Estate Advice

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Sat Aug 24, 2013
Mark Harry Evans answered:
Yes, there are many funding options for buying land. They depend on the intended term, use and present zoning and location. Rates vary by the term in years and often land loans are granted as a package with financing included for improvements. Such a loan is usually converted to a permanent fully amortized loan once the building permits for improvement are finalized.

There are many variables that need to be answered to be specific, so the answer provided is a general response to a general question.

For a more complete analysis, please contact me with specifics about the land, location, amount of money needed, selling price and amount of down payment you intend to make, number of years you want the money and whether or not you intend to build, farm, ranch, hunt or have some other purpose for buying it. Less common reasons are for preservation of a view or a desire to hold it as an asset, presumably one that will increase in value over a reasonable time. There are even water rights purposes intended and sometimes lot line adjustments to allow construction of an adjacent piece of land. As you can see, there are many reasons people buy raw land. There is usually a way to achieve the funding when using an experienced and competent loan person. Good credit is not always required, but it can always help.

Mark Evans
408 867 2000
mark@markevansgroup.com
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