Explore and contrast between 250 land loan providers in the area of Rochester-Hills, MI.
For land in MI, the typical price per acre is $58,887. The loan-to-value ratio (LTV) for undeveloped land generally ranges from 18.17% to 70.82%, while for already developed land in MI, the probable LTV can fall between 37.52% and 76.68%.
The specific value and LTV for any piece of land will depend on factors such as its location, size, topography, zoning status, and any existing entitlements.
Discover your land loan choices and compare land loan rates by reaching out to a leading land loan provider in Rochester-Hills, MI.
Browse loan offers from 100 different lenders
With Lendersa® AI technology, your loan needs are matched instantly with numerous direct hard money lenders. Discover the best land loan rates available today to finance vacant land or combined land and construction projects in MI.
Minimizing unnecessary inquiries helps maintain your credit score. Obtain preapproval for your land loan without needing to reveal your social security number or other sensitive financial details.
Within vacant land lending, construction loans and blanket loans are crucial; you might qualify for 100% LTV financing by using additional properties as collateral (blanket loan).
When you find a private investor through a local hard money broker, your chances of securing a loan increase significantly. Land loans in Rochester-Hills, MI are optimally arranged by local lenders who understand the neighborhood context. Proximity between the hard money investor and the property improves loan approval chances and expedites the funding process.
Utilize Lendersa® land loan calculator to locate vacant land loan providers within the zip codes 48306, 48307, 48309.
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NMLS 1795154
