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December 05, 2021, 03:06:44 pm
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Author Topic: Looking for loan on land  (Read 3974 times)

Offline yrush2000

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Looking for loan on land
« on: February 21, 2006, 08:58:23 pm »
Looking for excellent terms and low downpayments on loans for land in Florida.. Lots range from 12-40K...Looking to buy a few lots..

andrew

Offline Keith Palmer

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Re:Looking for loan on land
« Reply #1 on: February 22, 2006, 08:04:50 am »
andrew,

I am in Orlando. How many is a "few"?
Keith Palmer
American Home Buyer
Licensed in FL only!!
407.580.1998 (cell)/407.571.2297(office)
[email protected]

Offline yrush2000

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Re:Looking for loan on land
« Reply #2 on: February 22, 2006, 05:36:44 pm »
looking to buy 2 -4lots depending on downpayment and financing terms

Offline Keith Palmer

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Re:Looking for loan on land
« Reply #3 on: February 23, 2006, 02:14:11 pm »
You would have to buy 3-4 at a time for me to help. Let me know if this works for you.  
Keith Palmer
American Home Buyer
Licensed in FL only!!
407.580.1998 (cell)/407.571.2297(office)
[email protected]

Offline yrush2000

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Re:Looking for loan on land
« Reply #4 on: February 23, 2006, 05:40:54 pm »
Lets say 3 lots at 35-45K each..i have 685 FICO...what kind of terms and d/p?

Offline auggflo

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Re:Looking for loan on land
« Reply #5 on: February 23, 2006, 05:44:58 pm »
Hi Andrew, I'm intertested in buying lots in FL. Just wondering why I would have to buy 4 at a time.

Thanks
auggflo

Offline yrush2000

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Re:Looking for loan on land
« Reply #6 on: February 24, 2006, 06:25:14 pm »
you can buy lots anyway you want to...i am looking to buy 3-4 lots now.

do you have a certain area or price range your targeting..are you looking for shortterm (about 1 yr hold) or long term

Offline Keith Palmer

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Re:Looking for loan on land
« Reply #7 on: February 27, 2006, 08:45:04 am »
 I just responded via email: You are looking at 25%-30% down on each with rates between 7.5-9%. It depends if you can fully document your income or not.

I hope this helps.
Keith Palmer
American Home Buyer
Licensed in FL only!!
407.580.1998 (cell)/407.571.2297(office)
[email protected]

Offline yrush2000

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Re:Looking for loan on land
« Reply #8 on: February 27, 2006, 11:20:46 am »
thanks guys but i just found out from a builder he has a program with 100% stated land loans at 20yr terms with 8.5-10% rates...cant  beat that

 




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