Financing Vacant or Unimproved Land

Financing Vacant or Unimproved Land

Vacant Land Colorado

Vacant Land Colorado


It is still possible to finance vacant and unimproved land. Ask your local bank if this is a service they provide. Not all mortgage companies have investors for land. But don’t let getting a loan on your dream property diminish your dreams of owning a part of Colorado. You can still own your land with mountain views, deer, elk, hunting, hiking and more. Below are a few questions to ask a mortgage lender or local bank:

Questions to ask about financing vacant land around Pueblo, Canon City and Southern Colorado.

  • What percentage do you have to come in with, money out of your pocket?
  • How long they will finance? How many years?
  • What is the percentage rate and will it change?
  • Is the interest rate based on 15 or 30 years?
  • Do you have to build within a certain time?
  • How much land will they finance? 5, 10, 40, 160 Acres?
  • Does infrasture matter? Things like paved road, water?
  • Does it have to be in a subdivision?
  • What if the land already has a land lease on it, say for cattle gazing?
  • Is it a loan requirement to have a soil or perk test done?
  • What if there is an easement on the property already?
  • Will your local bank help you with a construction loan when you are ready to build? (This is called Construction to Permanent Finance and could make a HUGE difference down the road)

Land loans are some times difficult to find. Ask local banks for help with your land loan. The local banks in Canon City and Pueblo are some times inclined to help fund local residence under the right circumstances.

Land Loan information

About Dena Stevens (719) 369.9087

Putting the ‘real’ into REALTOR since 2004

Ask about vacant land, ranch land or residential properties.

Loyalty and devotion are things buyers and sellers expect from their Realtor as well as the fiduciary responsibility of due diligence. Dena is a certified Ecobroker, focused on sustainability, energy efficiency and the environment and is a Certified Sales Professional from the Association of Home Builders.

Specialties: A client once said “you put the ‘real’ into REALTOR” to me. I took it as a complement and I’ve been using it ever since, I’m a no nonsense kind of person. I’ve been helping people buy and sell real estate since 2004.
Associate Broker
REALTOR
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The Fair Housing Act is a federal act in the United States intended to protect the buyer or renter of a dwelling from seller or landlord discrimination. Its primary prohibition makes it unlawful to refuse to sell, rent to, or negotiate with any person because of that person’s inclusion in a protected class.

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4 Responses to Financing Vacant or Unimproved Land

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