Mortgage lead for Land loan in Troup, TX, 75789

Date Posted

5/12/2026 6:06:17 PM

Property at

Troup, TX, 75789, USA Show Map

Borrower at

Property Type

Land

Property Value

$176,000

Purchase Price

$176,000

Loan Request

$87,120

LTV

49.5 %

Credit Rating

620-629

Net Worth

$250,000 - $500,000

Loan Purpose

Property Purchase

Purpose

I’m requesting a $176,000 loan to purchase the land at 21056 Franklin Drive in Troup, Texas (75789). The property is already permits-ready and positioned for development, which is exactly why this is an attractive, low-friction deal for a lender—your funds go toward a clean acquisition of a build-ready asset rather than a speculative turnaround.

At a $176,000 estimated value, the loan is secured by the property itself, giving you straightforward collateral from day one. With no existing loans on the property, your lien position stays simple and protected. I’m a U.S. citizen with steady monthly income ($15,000) and controlled expenses ($2,500), so I have strong capacity to carry the project and stay current.

This loan lets me lock in the site now and move efficiently into the next phase, while giving you a clear, asset-backed opportunity with a borrower focused on execution and protecting the lender’s position.

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Loan Request for Land loan in Troup, TX, 75789