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Where can I get a loan using raw land as collateral

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Icon Mini Profile jeff_mccrory





Joined: 22 Mar 2011

Posts: 1

1.00 Dollars($)
Post Posted: Tue Mar 22, 2011 4:50 pm    Post subject: Where can I get a loan using raw land as collateral
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Would like to borrow $25,000 using a raw land lot valued at $125,000. Where can I find a lender?
Icon Mini Profile adonis
adonis




Joined: 22 Oct 2005



Posts: 10569
Location: ALASKA
1090.22 Dollars($)
Post Posted: Tue Mar 22, 2011 8:54 pm    Post subject:
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Welcome jeff_mccrory,

You need to contact the local lenders in order to get a loan using the raw land as a collateral. However, in order to get a loan, you should have a good credit score and income.

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