Jake asked in Business & FinanceCredit · 7 months ago

I am interested in buying a piece of vacant residential land. What type of loan would I get?

6 Answers

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  • 6 months ago

    A real estate loan.

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  • 7 months ago

    land loan. a good deal, is done by a merchant, like that.

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  • Anonymous
    7 months ago

    Lenders are reluctant to lend on land. Maybe if you plan on building a house there and they finance everything as progress is made. Maybe if you had an 780+ credit score and put 30-35% down if you were not building a house.

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  • Anonymous
    7 months ago

    No chance without very good credit.

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  • 7 months ago

    A loan to buy the land. Loans are labeled "after", to identify what the money was used for. It's like cancer. Cancer is cancer. Breast cancer or prostate cancer only identifies "where" the cancer is located. It's all the same. A loan is money - spent on x purpose. Cancer is cancer - located in x.

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  • Pearl
    Lv 7
    7 months ago

    rnaybe you can talk to the bank about a loan

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