Explore and assess choices among 250 land loan lenders available in Grand-Rapids, MI.
The typical cost of an acre in MI stands at $28,593. The loan-to-value (LTV) ratio for undeveloped land ranges from 16.54% to 52.39%, while for developed land in MIName, it varies between 36.23% and 75.30%.
The actual valuation and loan LTV of land can depend on factors such as its location, dimensions, topography, zoning regulations, and any existing entitlements.
Discover your options for land loans and the prevailing rates by reaching out to the leading land loan provider in Grand-Rapids, MI.
Compare loan offers from 100 lenders
To ensure all your hard money lending needs are catered for, Lendersa® AI technology swiftly connects your loan request with hundreds of direct hard money lenders. Check the best land loan rates today for financing any type of vacant land or land including construction in MI.
Avoiding unnecessary credit checks will help keep your credit score intact. Secure preapproval for a land loan without needing to share your social security number or any delicate financial details.
Construction and blanket loans are integral to vacant land financing; you may be eligible for 100% LTV (Loan-to-Value) financing when you offer additional property as security in a blanket loan.
Locating a private investor via a local hard money broker significantly boosts your chances of obtaining a loan; local lenders in Grand-Rapids, MI who are acquainted with the community are best placed to manage land loans. Having the hard money investor close to the property improves the chances of loan approval and accelerates the funding process.
Use the Lendersa® land loan calculator to identify vacant land loan lenders in the following zip codes: 49546, 49507, 49506, 49505, 49504, 49503, 49508, 49501, 49502, 49514, 49515, 49523, 49555, 49588, 49599.
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NMLS 1795154
