Step 1: Compare Land loan rates as low as:
*APR = Annual Percentage Rate. APR is calculated based on a loan amount of $100,000. Loan rates quoted are based on A+ credit rating. Actual rates will vary and are based on individual creditworthiness. Please call to verify listed rates and fees.
Step 3: Understand the Process and Benefits of a Land Loan.
The Pre-approval Process
The pre-approval process can vary greatly between land and property lenders. That's because these types of loans typically require a lot more information from you than a conventional loan. At DuGood, we make this process quick and easy for you.
The Appraisal Process
The time needed to complete this process is something land and property lenders can rarely control. A quality land appraisal can take between 3 to 4 weeks and should be very detailed to help establish the most accurate value of the land. However, this can vary depending on the size of the land, type of use, location, and market volume.
The Title Process
A land loan requires a title commitment and a title check to ensure ownership, and that there are no hidden liens against the title. If all information has been submitted correctly, the title process generally takes around a week or two.