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re: Need some info Building a home.

Posted on 9/23/16 at 8:25 am to
Posted by ItNeverRains
37069
Member since Oct 2007
25576 posts
Posted on 9/23/16 at 8:25 am to
If you have a rough idea of the value of the land portion that's yours that can go towards your 20% LTV.

So 15ac @ 10k/ac = 150k. Assuming you qualify you could then build up to 750k and still have 20% LTV for construction loan

Posted by lsutigers0705
West Monroe, La
Member since Nov 2007
595 posts
Posted on 9/23/16 at 9:53 am to
A guy directly across the street just bought some land from mine and he paid $8500. An acre for his. Hardly any timber and very un level property. My property has lots of hardwood and pines and level don't know if that will make my properties value be more.?
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