WE CAN ASSIST YOU WITH BUYING LAND
There are lots of moving parts to this type of mortgage in addition to significant planning of how it is going to migrate into a mortgage with a home in place. The land acquisition, depending upon location, can require upwards to 35% down. These mortgages are credit lines and amortized differently. Once the land is acquired and a house is projected to go up then we use a different math to bring it all together. The best way to proceed is to speak with our team and uncover exactly how much down you will require. The size of the land will also make a difference on the down payment requirement.