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Loan for property purchase

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Money Talk > Real Estate

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mattt0696
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Loan for property purchase  Reply with quote  

My wife and i are looking into purchasing a piece of land(empty). We are currently not looking to build till about 5-6 years down the road. What would be the best way to purchase the property? Are their particular loans for this?
Post Sat Aug 03, 2013 8:51 pm
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oldguy
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A common way to buy raw land is owner-financed. Banks seldom write a mortgage against non-income producing land. Or, if you are buying rentable farmland (say a 20 acre cornfield) you might get a mortgae.
Post Sat Aug 03, 2013 10:36 pm
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Wino
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There's a program in Texas for military veterans to buy rural land. I don't know any of the particulars, but you could easily google it if you're in Texas and a veteran.
Post Sat Aug 03, 2013 10:40 pm
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naina8888
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Which area you are looking for to buy? Are you buying it just for investment or use purpose.
Post Wed Aug 07, 2013 2:02 pm
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