Select and comapre among 236 land loan lenders in lending in Mount-Prospect, IL.
The average price for an acre of land in IL is $65,908 the LTV for undeveloped land is between 18.55% to 75.09%, and estimated LTV for on loan for already developed land in Illinois is anywhere between 37.82% and 77.00%
The actual value and loan LTV of any land depends on its location, size, topography, zoning, and any entitlement that has been done to the land.
Find out your land loan options and land loan rates by contacting the best land loan lender in the State of Mount-Prospect, IL
Compare loan offers from 100 lenders
To ensure all of your hard money lending needs are being met, Lendersa® AI technology will instantly match your loan request with hundreds of direct hard money lenders. You can now discover the best land loan rates today to fund any kind of vacant land or land plus constuction in IL.
Avoiding unnecessary inquiries will reduce your credit score. Get preapproved for your land loan loan without the need to see your social security number or any sensitive financial information.
Construction loans and blanket loans are part and parcel of vacant land lending; you may qualify to get 100% LTV (Loan to value) financing when you agree to pledge additionl property as securiity (blanket loan).
When you locate a private investor through a local hard money broker, your odds of getting a loan increase exponentially; Land loans in Mount-Prospect, IL could best be arrange by local lenders familiar with the neighborhood. A short distance between the hard money investor and the property enhances the loan approval odds and speeds up the funding process.
Use Lendersa® land loan calculator to find vacant land loan lenders in zip codes 60056.
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NMLS 1795154
