• Wednesday, May 05th, 2010

home loan interest rates today

What is a typical interest rate for a land loan?

I understand that there are multiple factors in deciding an interest rate but what would be a good estimate of an interest rate for land in today’s market. It would be a 15 year loan 10 or possibly 20% down. The land is located in a neighborhood where most homes have been built already .
Also, I have good credit. No issues there

The owner may be willing to finance the property in order to sell it. If you do that then you need a real estate attorney to draw up the contract and handle the closing documents to insure the contract meets the state legal requirements and the title is handled properly. 8% is a reasonable finance rate for property.


home loan interest rates today

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