emirate25 Posted January 27, 2008 Share Posted January 27, 2008 This may be a stupid question, but do banks finance empty residential lots? Quote Link to comment Share on other sites More sharing options...
TheNiche Posted January 27, 2008 Share Posted January 27, 2008 This may be a stupid question, but do banks finance empty residential lots?Yes, but unless the lot is a very good deal in a solid neighborhood, the terms will be less friendly than they would be if there were a habitable structure on the site. Expect to pay a larger LTV% and a somewhat higher interest rate. Quote Link to comment Share on other sites More sharing options...
RedScare Posted January 28, 2008 Share Posted January 28, 2008 Like Niche said, it may be a slightly higher interest rate, but not exorbitant. Look for local banks to finance it. They know the neighborhood, and are much more likely to be OK with it. Quote Link to comment Share on other sites More sharing options...
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