Anonymous
Anonymous asked in Business & FinanceRenting & Real Estate · 1 decade ago

can i get a mortgage on a vacant lot in nc?

3 Answers

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  • wizjp
    Lv 7
    1 decade ago
    Favorite Answer

    If you have adequate credit and funds and aren't borrowing more than it is worth, it's possible

  • 1 decade ago

    sure. you need about 30% down for a vacant lot

  • 1 decade ago

    Sure you can borrow funds to purchase land. This lien will supercede any subsequent loans to build on it though.

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