How to Finance Vacant Land: Loans Available in All 50 States #vacantland #landloan #realestate

16 Просмотры
Издатель
Learn More: https://www.fnba.com/mortgage/vacantland/?utm_source=short_form_vacant_land&utm_medium=youtube

Vacant land financing can be difficult with traditional lenders, but vacant land loans make it possible to finance the purchase or refinance of undeveloped property. In this video, we explain how vacant land loans work and why financing vacant land often requires different terms than a traditional mortgage.

At First National Bank of America (FNBA), our Non-QM vacant land loan programs provide flexible financing options for borrowers purchasing or refinancing vacant land. These land loans are designed for borrowers who may need customized income documentation or credit considerations.

FNBA Vacant Land Loan Program:
• Available nationwide in all 50 states
• Unlimited acreage
• Finance up to 65% of property value
• Loan amounts from $100,000 to $1,200,000
• 20-year mortgage terms
• Only 12 months of income history required
• No prepayment penalties

Vacant land loans may be used for buildable lots, income-producing acreage, recreational property such as hunting land, and other vacant land purchases or refinances.

First National Bank of America | Equal Housing Lender | NMLS # 413209
Категория
Рефинансирование кредита
Комментариев нет.