Explore and weigh options among 257 land loan lenders in New-Rochelle, NY.
In NY, the average price per acre of land is $114,275. The loan-to-value (LTV) ratio for undeveloped parcels ranges between 21.16% and 104.51%, while for developed land, the LTV is estimated to fall from 39.90% to 79.21%.
The true value and LTV of land are dependent on factors such as its location, size, topography, zoning classifications, and any entitlements already in place.
Learn about your land loan options and rates by reaching out to the premier land loan lender in New-Rochelle, NY.
Assess offers from 100 lenders
Lendersa®'s AI technology efficiently connects your loan inquiry with hundreds of direct hard money lenders to cater to all your financing needs. Discover excellent land loan rates today for any vacant land or land plus construction project in NY.
Minimizing unnecessary inquiries can help protect your credit score. Obtain pre-approval for your land loan without needing your social security number or sensitive financial details.
Construction and blanket loans are crucial in vacant land lending. You might qualify for 100% LTV when extra property is pledged as collateral (blanket loan).
Your prospects of securing a loan greatly improve when working with a private investor through a local hard money broker. In New-Rochelle, NY, land loans are optimally handled by local lenders familiar with the area. Proximity between the hard money investor and property enhances approval chances and speeds up the funding process.
Utilize the Lendersa® land loan calculator to locate vacant land loan lenders in zip codes 10804, 10801, 10805, 10802.
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NMLS 1795154
