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USDA Loans

Hello, I am wondering is there 100% financing loan for raw rural land, with no structure on it. I am currently looking into land for a future home site and the price is right i'm fine getting approved for a loan, however the down payment required is a problem. Thanks, Tony
By agervera0902107 from NY Oct 30th 2014
Reply

Hi Tony, for USDA if i where you I would always use the direct site for info. Then depending on thr state your looking to by in, find a participating lender. Here is the direct site to USDA. http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.doIf you have any other questions please feel free to reach me.

Oct 31st 2014

Tony, It's very hard if not impossible to get a 100% financing on raw land.

Oct 31st 2014
by

For raw rural/farm land its near impossible to obtain 100% financing. The only change you would have is owner financing via a lease with a purchase option.

Oct 31st 2014

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