The cost of the loan will depend on three factors:
- how much you can put down,
- how much you can pay per month and
- the length of mortgage you want.
The larger the down payment and the shorter the term of the loan, the lower the interest rate.
We can do land mortgage for as long as 10 years.
We can also offer loans with balloon payment at the end.
If you can tell me the price of the lot you are interested in, the amount you want to put down and the amount per month you can pay, I can give you a specific quote.
FYI, With our financing there are no prepayment penalties for early payouts, which allows the buyer to refinance if desired.
Call me directly on my cell (207 653-9955)