Land and Construction Loans

These types of loans vary greatly and need to be discussed on a case by case basis.

With respect to land, unless seller-financed, the typical loan to values fall between 50% to 60%, with terms as a five (5) year balloon note.

If a construction loan is used at the time of land acquisition, higher loan to values and more attractive options are common.

Examples or these would be 70%-90% loan to values (based on future value of finished property) with 30-year fixed rate and/or adjustable rate loans.

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