Understanding Down Payments for Land Loans – Landhub
Understanding Down Payments for Land Loans
by Laura Mueller
Planning to make a land purchase? Unless you’re going to be paying entirely in cash then you’re going to need to secure a land loan—and that’s going to require a down payment. Down payments for land loans operate a bit differently than down payments for traditional real estate purchases though, and it’s important to understand what’s expected of you so that you can be sure to find a plot of land that fits within your budget. To help you do the math, we’ve broken down some of the key factors to know about down payments for land loans.
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