How to Get a Land Loan (And What to Know Before You Do)

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  • Опубліковано 1 жов 2024

КОМЕНТАРІ • 20

  • @eFormsOfficial
    @eFormsOfficial  7 місяців тому

    📄 Create your own Land Purchase and Sale Contract] with our easy-to-follow questionnaire (free trial): eforms.com/form/land-purchase-and-sale-agreement/
    ✍ Check out our free DIY resource guide and downloadable templates: eforms.com/purchase-agreements/land/

  • @mlane7261
    @mlane7261 2 роки тому +5

    How many years can you finance your land loan? 30? Does it depend on price?

  • @pepapepita5268
    @pepapepita5268 2 роки тому +6

    I can’t use my VA loan to a land. It is not true 😏

    • @mrw777
      @mrw777 Рік тому

      How is it not true? They told me no.

    • @samualcalnan4774
      @samualcalnan4774 Рік тому +2

      You can only use the VA loan to buy land if you are starting new construction on it within 6 months of purchase.

    • @masterninja9716
      @masterninja9716 Рік тому

      Ugh. It’s so frustrating. Trying to get off grid is much more difficult than remaining in the matrix. I too have a pre-approval for a VA loan but I wanna be out in the woods, not in a residential area. Wouldn’t life be amazing? Solar, Tesla wall, garden.

  • @225Vikings
    @225Vikings 6 місяців тому +2

    VA financing land purchase?

    • @KatelynnRossi1
      @KatelynnRossi1 6 місяців тому

      A VA Construction Loan allows you to buy land and build a house on it.

  • @echandler673
    @echandler673 2 роки тому +3

    Great video, I didn't know about SBA loans!

  • @tikitillman8453
    @tikitillman8453 Рік тому +2

    I knew you would give the most information ☝🏾

  • @basementbrasscompany9498
    @basementbrasscompany9498 3 місяці тому

    Man buying land homes have become so difficult. It is overwhelming.

  • @TheVaughns
    @TheVaughns Рік тому +4

    I think you are crossing lines on USDA and VA loans. I think you just need to reiterate the difference of buying land and buying land that has a home on it.
    Thoughts?

  • @1lityy429
    @1lityy429 Рік тому +4

    Amazing I’m not sure how but goal/dream is to obtain/buy land for my family .

  • @timleonard86
    @timleonard86 Рік тому

    Wrong you can not get a va loan for land

  • @RickyKearnsJr
    @RickyKearnsJr 2 роки тому +5

    How much should i have saved up for a down payment for a land loan?

    • @memyself4431
      @memyself4431 2 роки тому +3

      I think it is 25% unimproved and 35% raw and 15% improved those are from what I researched. The lenders have these percentages on their websites

    • @memyself4431
      @memyself4431 2 роки тому

      Some are less than that

    • @Karim-wb7iq
      @Karim-wb7iq 2 роки тому

      what website are you looking at? I can't find any info

    • @pegasus3862
      @pegasus3862 2 роки тому

      My family’s from Canada manitoba, this was in 2009 but they bought 20 acres for $80,000, they only put a 10-15% down payment down and they said they were able to take out a mortgage for it