how can i get a loan for land

Hi Anne, In my experience land loans are usually dealt with best by a small local bank or credit union that understands the market where you are buying. Likely they will want a pretty good size down payment. (30% or more). However, if you are looking to acquire the land and are ready to build on it I have a spectacular construction program that would NOT require that level of downpayment. (less than 5% required) Reach out to me if you have interest in this program. If not, as I said, check out your local banks and credit unions. Robert L. HansonGladewater National BankFirst Time Homebuyer SpecialistDirect: 240-752-7549Cell: 301-651-7822Email: rhanson@gladewaternational.comNMLS# 695929

We may have options, but I would need more information to be able to research and discuss first. I am here locally in Colorado if you would like to discuss 720-670-0124

It' really depends on what your goal is.. if your looking to purchase raw land, and do nothing with it, then your local bank / credit union is a good option.. if your looking to purchase a parcel and build a home on it, then that's a whole different scenario, and the number of lenders willing to do them increases.. Mortgage brokers are your best choice because they have a multitude of lenders they deal with, offering a verity of lending programs, but be sure you use someone local.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Usually a local bank or credit union is your best source for raw land loans. If your plans are to build on the land you may qualify for a construction loan instead where you can include the price of the land in the overall loan. Best wishes, Sean