can i get a 30-yr fixed mortage on a lot? it's in a residental area.

https://www.greenstonefcs.com/loans/recreational-vacant-land?gclid=Cj0KCQjw_r3nBRDxARIsAJljleHEig7d3PwoueBvj-L428cRkp4PrYPNUEXnW_s_bJmisxoM7RLkio4aAoeOEALw_wcB

Hi Nacho- Usually, lenders have no appetite for lot loans tied to a construction perm to remove any loan lien solely on the land. Copy and paste the link below to greenstone.com for a published offering for a 30yr loan on vacant land. Hope this was of some assistance.

Usually, lenders have no appetite for lot loans unless they are tied to a construction perm

unlikely ...most lenders do not lend on lots/ land ..the ones that do normally have short terms connected to these programs

Generally not. A lot loan is something you can find at the local credit union or small bank. Generally they tend to be 15-years or less, but each place is different. Once you build a home on the lot, you can refinance into a standard 30-year loan. I lend in MN, WI, and SD. I can be found at FirstTimeHomeBuyer-MN.com NMLS274132

More info needed, but in general, NO.. land loans are typically for 20 years or less, and require a much larger down payment than a mortgage on a residence. I'm a preferred Lender with California and Arizona being my primary markets. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com NMLS# 226347 / LendUS, NMLS 1938/ AZMB0121893

not likely