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- May 25, 2004
Fam how hard was it to get a land loan. I may wanna do this but I've always heard land has to be paid for in cash. I need like 3 acres at least.
Nah, you don’t have to pay cash. with the people I used I think min was 15 or 20% down.
The loan itself only took my 20 minutes to apply for and the underwriters were real chill.
I think you need a minimum of 5 acres for a land loan with them. Me and another friend both used this bank.
if You have above a 720 credit score interest rates are less than 3%.
https://rural1st.com/