looking for info on loans for bare land at wholesale prices…
chance to buy 3 Prescott AZ - has barn apt well & septic
$335K
we are self-employed for last 10 months…
as of this min. have $30K + down
last credit score was about 680 before we greatly improved our debit ratio so should be better now
looking for info on highest LTV & of course lowest int. rate but the ltv is most important. construction loan is good cause we will build there
I would suggest speaking to a local bank. The only problem I see is that you have been self-employed for less than two years. Most national construction lenders want a two year history. A local bank will give you good terms, and may be more willing to work with you based on reviewing your business’ profit and loss and balance sheet.
Hope this helps.