We help answer your questions and work to pair your goals with one of our preferred Lot/Land Lenders in your area
We help answer your questions and work to pair your construction goals with one of our preferred lenders in your area
LotloanLender is a trusted reference in Land/Lot and Construction to Perm Financing
The flooring, cabinets, fixtures, and other items inside a building can really make your construction costs skyrocket. However, did you know that you must be well-prepared for the items that are considered construction soft costs as well? What are Construction Soft Costs Construction soft costs are any of those items that are not tangible. These items include inspection fees, real estate, fees, project management fees, design work, and even taxes.
There are so many homes already available to purchase, but that doesn’t mean that those houses have exactly what you want in your dream home. With that in mind, you may be tempted to construct your dream home, but do you know where to start? After all, we are assuming that you have no idea how to design a house or draw up plans. That is where an architect would come into play, and while their services can be pricey, the money they can save you in the long run will benefit you immensely.
A land loan is basically just as it sounds. A loan that you take out for land that you want to purchase. There is never a building on the land for these loans, so you would also need to secure financing for any construction that you want to do. While it all sound fairly basic, there are a few things that you must know before you sign on the bottom line.
As you know, having a budget in place is very important for constructing a home, remodeling a home, and even purchasing a home. Therefore, you must have an amount of money in mind before you start to tackle any of these things. However, did you know that in addition to materials and labor, you must also figure in the cost of building permits? What You Need to Know About Building Permits If you are not aware of building permits, they are documents that give you permission to do any type of work on your property.
Feel confident that when you are working with Lot Loan Lender, you are working with the best. Since Thousands of Clients have had a great experience with us, helping them navigate through the Land Loan Purchase Process.
My loan officer was fantastic to work with while purchasing land. Very grateful for his help with my first land buying experience. I had NO IDEA you could put as little as 20% down when buying a lot!
California
My loan officer and processor were both fantastic during the land purchasing process. They helped us through a very complicated land buying process. We could not have purchased this piece of land without your help. They even found out we didn’t need a “Perc” test saving us about $2,000!!! Thanks again for all your help in purchasing our lot.
Arizona
This experience was night and day difference compared to my last lot purchase. I appreciate all of my loan officer’s help and effort throughout the process of buying land in Nevada.
Nevada
Thank you! This was our first time getting a lot loan and you made it a great experience. I had no idea only 20% down could be needed. We were being told 40-50% down to buy land.
Oregon
Overall, I had a great experience! If I could hug my Loan Officer I would havei squeezed real hard. I now have the funds needed to even build our dream home on the land we just purchased.
Washington
We wanted to send a huge thank you! The closing went super smooth and the closing attorney was really impressed with how organized and on time everything was. The title company on our last house complimented you as well three years ago saying how they never see lenders with everything together. Thanks for helping us get the lot and getting it done when we needed it. We will be sure to recommend you to our friends and family.
Minnesota
I appreciate your help through the whole processi of purchasing raw land! You have been great! I hope there is some way I can do a survey or evaluation or something and give you a perfect score for helping us through the lot buying process.
California
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You can always contact us directly about your land loan needs by sending an email to [email protected].
