Land loan in Texas
I am looking for a lender who will do 70%LTV on a raw land purchase in Dallas Tx, seller is willing to carry a second and buyer is willing to put up 10%
Need more info...
- Is this a residential or commercial lot?
- Is the lot undeveloped?
- How is the client going to document income/assets
Depending on the classification of the land, I offer up to 90 LTV going FULL DOC & 85 LTV going Stated depending on a number issues outlined in your original post.
Regards,
Scott Miller
the lot is commercial, loan wil be stated and the land is undeveloped
can you get back with me as soon as possible
John
The program I outlined is for residential lots only...commercial raw land (undeveloped) would be capped at 70% (hard money).
Regards,
Scott Miller
Originally posted by "JB":
the lot is commercial, loan wil be stated and the land is undeveloped
can you get back with me as soon as possibleJohn
832-893-3045