Anyone have any recent experience in purchasing land in which you want to build immediately?

If so, can you give me some feedback on a good company to go with for the loan that doesn't have an exorbitant down payment requirement and/or fees?

Thank you!

I would call a local mortgage company, I have a great honest one close to home and they aren't really big, so you get really personal service.

Are you talking about getting a construction loan? You take the loan out and then it goes in stages, they give you an allotment for each part of the construction process, land, foundation, septic, framing, interior, etc and you only pay interest on what part of the money you are actually using, not the whole amount from the beginning. These are totally different from a regular mortgage

Do you have much equity in your current home? You could get a home equity line of credit and use that as you need it?

A few years ago we designed a house and tried buying about 4 different lots and they all failed inspection, were wetlands, etc, so we finally gave up.

__________________
"A true friend is someone who thinks that you are a good egg even though he knows that you are slightly cracked." ~ Bernard Meltzer

Call a local mortgage broker. Most are really hungry for business right now and they will shop around for you to find the type of loan you want.

__________________
TLJ ~ Women United in Spirit