Several banks and mortgage lenders these days do not offer loans on unimproved land or raw land as it has become more risky for investors. If a borrower is not able to afford the payments and the bank must foreclose, it may be harder for the bank to sell the land because less people are buying land to build homes.
Since Vacant land or raw land comes in different forms we understand that people will use their property for different uses. Riverbank Finance LLC offers financing for lots of land which some may choose to use as a home site to build a new home while others may use the land for recreation such as agriculture property, fishing or hunting land.
Vacant Land Loan Financing Terms
We offer several mortgage options for Michigan Vacant Land Loans. There are long term financing options available with 30 year fixed rates land loans. To get pre-approved for financing call us at 800-555-2098 or Apply Online today!