First, how much do you want to spend on your land?
Online Lending For Land Purchases
You might not think that an online loan can help you purchase land, but you might be surprised. Since most land purchases are well under the $50,000 maximum that you can request online, they can be a useful tool. Plus, they come with a number of other benefits.
Approval With Bad Credit
If you have bad credit, you already know that it can be difficult to get a land loan. Online lending is a bit different in that many of the lenders are used to working with bad credit. In fact, some of the lenders in our loan group even specialize in working with credit problems. That means an online loan might be the answer you have been looking for.
Less Complicated Purchases
If approved for financing, your lender will pay you directly. That makes you a cash buyer which should make your land purchase a bit less complicated. Plus, most sellers would prefer to deal with a cash buyer since they would not have to worry about financing falling through.
Better Ability To Negotiate
With cash, you have a lot of power to negotiate a better price.
Getting Your Cash Loan Quote
Now, just how do you get this online quote? Well, it is a lot easier than you might think and you can get a decision in just minutes. Here is what you need to do.
Fill Out A Quote Form
First, you are going to have to give your potential lender a bit of information about the loan you need and your qualifications. Use the form at the top of the page to select how much you would like to borrow and then enter a bit of personal information. Finish up by reviewing the terms of service and then submit your quote.
Get A Loan Decision
Should you be approved for financing, you will receive an offer from one lender in the group. The offer details will be at the lender website, so you will then need to be forwarded to your lender’s page.
Review Your Offer
With the offer in front of you, it is now time to review all of the details. Make sure that you take the time to fully understand your offer before making any decision. If you have questions, ask your lender directly. FYG will have no knowledge about loan details as we are not a lender.
Buying Land
If you decided to accept a loan, now comes the fun part, searching for your land. Use your due diligence to choose land that meets your specific needs.
Utility Access
If this is a piece of land that you intend to build on, make sure that you have utility access. If the land is not currently set up for water and electricity, look into the cost of having lines run to your property. The cost to run utilities to a property can be excessive.
Game
If your property will be used for hunting, make sure that it is actually home to the game that you intend to hunt. Local cities are good sources of game information and the word of the land owner should be the last one that you depend on. You would hate to set up a deer blind on a piece of land that rarely sees game.
Easements
Many a property owners plans have been ruined once they find that their land is un-buildable due to easements. Make sure that you are aware of any underground gas or utility lines and restrictions on building.
