Choose from a selection of 236 land loan lenders offering lending services in Salem, MA.
In MA, the average land cost per acre is $73,470. The loan-to-value ratio (LTV) for undeveloped land falls between 18.96% and 79.69%. For developed land in MAName, the LTV is estimated to range from 38.15% to 77.35%.
The value and LTV of any piece of land are influenced by its location, size, topography, zoning, and any completed entitlements.
Explore your options and find competitive land loan rates by reaching out to the leading land loan lender in Salem, MA.
Explore loan offers from 100 lenders
Lendersa® AI technology ensures all your hard money lending needs are quickly met by matching your request with hundreds of direct hard money lenders. You can now find the best land loan rates available today for any type of vacant land or land with construction in MA.
Reducing unnecessary inquiries helps maintain your credit score. Obtain preapproval for your land loan without needing to provide your social security number or other confidential financial details.
Included in vacant land lending are construction loans and blanket loans. You may qualify for 100% LTV financing by pledging additional property as security (blanket loan).
Identifying a private investor via a local hard money broker can significantly boost your chances of obtaining a loan. Local lenders, familiar with neighborhoods in Salem, MA, are likely to arrange land loans more efficiently. When the hard money investor is close to the property, it enhances the possibility of loan approval and accelerates the funding process.
Utilize Lendersa® land loan calculator to locate vacant land loan lenders within the zip codes 01970, 01971.
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NMLS 1795154
