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re: Buying property in Louisiana
Posted on 9/15/14 at 9:14 am to DownshiftAndFloorIt
Posted on 9/15/14 at 9:14 am to DownshiftAndFloorIt
credit unions and guaranty bank do raw land loans. whitney also does them. the rates are normally over 6% for 10-15 yrs on raw land. if you want to build a house on it that shouldnt be a problem unless you are looking at more that 20 acres.
1
Posted on 9/15/14 at 9:55 am to hawkeye007
The place I'm looking at is 7 acres.
6% seems pretty crappy though. I thought they would be better than that.
My primary account is with a credit union so I plan to call them and see what they offer. I wasn't sure if there was a specialty entity for loans on land.
6% seems pretty crappy though. I thought they would be better than that.
My primary account is with a credit union so I plan to call them and see what they offer. I wasn't sure if there was a specialty entity for loans on land.
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