questions about getting loan on vacant land in California

questions about getting loan on vacant land in California

Irvine, CA · Member since 2017 · 23 posts · 1 vote

The current mortgage rate at BofA is about 4.0% for 30-year fixed, and 3.25% on 15-year fixed.  What is the current, average loan rate for vacant land in California?  About how much does the bank require for down payment, and for how many years is the loan?  How difficult is it to get these land loans?  What major banks in California do these land loans?  Thanks.

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  • Irvine, CA · Member since 2017 · 23 posts · 1 vote
    9y

    I forgot to mention that the land is zoned residential.

  • Jo-Ann LapinPro Member
    Loan Officer · Tustin, CA · Member since 2015 · 3k+ posts · 713 votes
    9y

    To May pm me and we discuss furtherI 

  • Investor · Greener Pastures, CA · Member since 2017 · 31 posts · 9 votes
    9y

    Jo-Ann, this is a good topic for the board. Please provide a range of options for others to take note of.

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