Financing options for first timer?
My son saw a property that he fell in love with but he has no idea how to finance it. What’s the best option for land purchases in Cincinnati, Ohio? by miltchev802 from Cincinnati, Ohio. Feb 17th 2022
Bert Carpenter (BertCarpenter)
#37 ranked lender in Arizona - 2,431 contributions
Most land purchase require 25-40% down. Depending on the purchase price, the loan amount may be too small for most lenders or brokers to consider. You will want to connect with a Broker licensed in your area. Bert Carpenter, The LoansA2z Team of NEXA Mortgage ~ NMLS 40586 ~ Certified Mortgage Advisor and Certified by The National Association of Mortgage Professionals as a Certified Veterans Lending Specialist.Licensed in AZ, CA, GA, IL, MO, OR & WA... In fact, NEXA is licensed in all states except MA and NY so give us a call. ~ www.ApplyYes.com 480-889-9000 - OR - 480-695-9300.
Joe Metzler (JoeMetzler)
#17 ranked lender in Minnesota - 4,848 contributions
Way to many variables to even try answering that question here. Have him reach out to a local mortgage broker in your area. They can ask questions to understand his situation, then give specific answers. I lend in MN WI IA ND SD. Find me at JoeMetzler.com - Cambria Mortgage, NMLS 274132
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