Most banks do not want to talk about raw land. We do.
At Lawton Building and Loan, we can do up to 50% LTV easily on land, and on the right deal we can get up to 70% LTV. That goes for lots, acreage, and rural land, not just land inside city limits.
What we can finance
- Raw land and acreage
- Residential lots, including land you plan to build on later
- Rural property outside the metro areas
- Land you want to hold, build on, or develop
What makes a land deal strong
A few things help your file:
- Road access to the property
- A clear plan for the land, build, hold, or sell
- Equity in the deal, or reserves after closing
- A survey and a clean title
None of that has to be perfect before you call. Part of my job is telling you straight what a property needs before a lender will fund it.
Buying land now, building later
If the plan is to build, we can talk about the whole path at once. We also do ground-up construction loans, for experienced builders and first timers, so the land purchase and the build do not have to be two separate headaches with two separate lenders.
The bottom line
If you found the land, do not assume the answer is no just because a bank said it. Call or text me at (817) 862-6922, or find me at lawtonbuildingandloan.com. Tell me where the land is, the price, and what you want to do with it, and I will tell you where the loan lands.
Joel Lawton, NMLS #380245, Lawton Building and Loan
FAQs
How much can I borrow on land?
Up to 50% of the value is the easy lane. On the right deal, with the right property and reserves, we can get up to 70% LTV.
Does the land have to be in a city?
No. We do rural land regularly. Access and a clear plan matter more than a city address.
What do you need from me to get started?
The address or parcel, the purchase price, and what you plan to do with the land. That is enough for a first straight answer.
Can I refinance land I already own?
In many cases, yes. It depends on the property, what you owe, and what the money is for. Call and we will run it.
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