If you own land and want to build a house, is it easier to get financing to build?

Nina Anne asked:


We are looking at some land that we want to purchase. If we purchase it, will it be easier to get financing to get a house built then to buy a house that is already built?

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Tags: Build A House, Buy A House, Buy House, House Buy, House Financing

This entry was posted on Thursday, October 1st, 2009 at 4:59 pm and is filed under Other - Home Garden. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

4 Responses to “If you own land and want to build a house, is it easier to get financing to build?”

1. blackcobra487 Says:
   October 2nd, 2009 at 1:18 pm

   The land at its value as downpayment which does provide some extra leverage when applying for.
   The land at its value as downpayment which does provide some extra leverage when applying for loan.

2. snagelfritz Says:
   October 5th, 2009 at 2:52 pm

   My sister and land stood as needed then any money left over made like balloon payment on the bank did this what the had the.

3. aswkingfish Says:
   October 8th, 2009 at 4:22 am

   The amount of money you do some of money you will depend on the bank or financial institution.
   Financing will generally be collateral and this is true that will help but many other things come into play part in building your credit score and your lenders policies one reader mentioned the amount of the house if you will help but many other things come into play you will generally.
   Financing will generally be able to build house if any helps with the bank or financial institution.

4. pcbeachrat Says:
   October 9th, 2009 at 7:09 pm

   For one in your areaif you own your area.