Choose and differentiate among 233 land loan providers available in Lewiston, ME.
In ME, the average cost for an acre of land is $28,040. The Loan-To-Value (LTV) ratio for undeveloped land ranges between 16.51% and 52.06%, whereas for developed land in MEName, it is estimated to be between 36.20% and 75.28%.
The real value and loan LTV for any piece of land are dictated by its location, size, topography, zoning, and any entitlements it might have.
Explore your land loan possibilities and interest rates by reaching out to the leading land loan provider in Lewiston, ME.
Compare loan options from 100 lenders
To satisfy all your hard money lending requirements, Lendersa® uses AI technology to conveniently match your loan application with numerous direct hard money lenders. You can now find the best land loan rates today to finance any vacant land or land plus construction in ME.
Keeping inquiries to a minimum will protect your credit score. Obtain preapproval for your land loan without needing to provide your social security number or sensitive financial information.
Construction loans and blanket loans are vital components of vacant land lending; qualifying for up to 100% LTV financing is possible if additional property is pledged as collateral (blanket loan).
When you find a private investor through a local hard money broker, your chances of securing a loan rise significantly. Land loans in Lewiston, ME are most effectively arranged by local lenders familiar with the area. Proximity between the hard money investor and the property improves the odds of loan approval and accelerates the funding process.
Utilize the Lendersa® land loan calculator to discover vacant land loan providers in zip codes 04240, 04241, 04243.
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NMLS 1795154
