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

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

3 Answers

  • 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.

Still have questions? Get your answers by asking now.