Explore and compare among 231 land loan lenders available in Northfield, MN.
The average cost for an acre of land in MN is $45,422. For undeveloped land, the LTV ranges from 17.45% to 62.63%, while for loans on developed land in MNName, the estimated LTV is between 36.95% and 76.07%.
The true value and loan-to-value (LTV) ratio for any land is influenced by its location, size, topography, zoning, and any entitlements it may have.
Contact the leading land loan lender in Northfield, MN, to learn about your land loan options and current rates.
Explore loan offers from 100 lenders
To meet all your hard money lending needs, Lendersa® AI technology instantly aligns your loan request with hundreds of direct hard money lenders. Discover the best land loan rates today to finance any vacant land or land with construction in MN.
Avoid unnecessary inquiries that can decrease your credit score. Secure preapproval for your land loan without needing to provide your social security number or any sensitive financial information.
Construction loans and blanket loans are essential components of vacant land lending; by pledging additional property as security (blanket loan), you could qualify for up to 100% LTV (Loan to Value) financing.
When you secure a private investor through a local hard money broker, the chances of obtaining a loan increase substantially. Land loans in Northfield, MN, are best arranged by local lenders familiar with the community. Close proximity between the hard money investor and the property enhances loan approval odds and accelerates the funding process.
Utilize the Lendersa® land loan calculator to find vacant land loan lenders in zip codes 55057.
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NMLS 1795154
