How much of a down payment do I need for a Land Loan?
Typically you can expect to need 25% down.
What is the minimum number of acres you will finance?
We do not have a minimum acreage requirement but our maximum acreage loan is 20 contiguous acres.
What if I decide to build on the land? Do you offer construction loans?
We are currently not offering construction loans at this time.
Should I get pre-qualified before beginning my land search?
It is not required but it is a good idea and it’s becoming more common. Being pre-qualified going into the search has several benefits. It gives you a good idea what you can afford, you can submit an offer on a property faster so you don’t miss out on the right tract, and it gives your offer more weight because it shows that you’re serious about purchasing.