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Can I use a conventional loan to by a lot?

no house on it yet by dsugal900 from Boomer, North Carolina. Nov 21st 2019 Reply

Ray Antonelli (Focused)
#68 ranked lender in Ohio - 66 contributions

Unless you have building plans to show the lender and a pretty good score then the lender may allow you to buy the land as part of a building project. Very few lenders will finance a raw land purchase outright because, unless it's farm land, for example there is no way to pay the mortgage with income from the land.

Nov 21st 2019
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