Vacant Land Loans Made Simple: Everything You Need to Know скачать в хорошем качестве

Vacant Land Loans Made Simple: Everything You Need to Know

To Learn More: https://www.fnba.com/mortgage/vacant-... Buying land should be exciting, not overwhelming. But many people quickly find out that financing vacant land isn’t easy. Traditional lenders often say no, especially if the property is rural, large, or outside of traditional guidelines. At First National Bank of America, we do things differently by offering Non-QM loans that are built specifically for situations just like this. In this video, we break down how our team helps make vacant land financing possible for everyday buyers who are ready to take the next step. We walk through how our vacant land loan process works, what sets it apart from a traditional mortgage, and what you’ll need to qualify. You’ll learn about the types of land we finance, how our programs support self employed borrowers, and why we’re a strong option for buyers who may not meet conventional lending guidelines. Whether you're exploring land loan requirements for the first time or looking for a lender that offers more flexibility, this video covers what matters most. The video also clears up common misconceptions. You’ll learn why construction loans and land loans are separate, why most banks won’t finance very low value lots, and how FNBA can offer solutions for vacant land that falls outside the Fannie Mae or Freddie Mac guidelines. Whether you're buying land for a future home, investment, or personal use, this guide will show you what’s possible with the right lender. If you’re considering a vacant land purchase and want a lender that understands your needs, this video will give you the facts, timelines, and requirements to move forward confidently. 00:00–Intro to Vacant Land Financing 00:07–Meet the Lender & Overview 00:20 What is a Vacant Land Loan? 00:23–Vacant Land vs. Traditional Mortgage 00:45–Types of Land Loans (Raw, Unimproved, Improved) 01:42–Land Size Flexibility: No Acreage Restrictions on Vacant Land 02:10–Special Properties (Agricultural Land and Income-Producing Land) 02:38–Documentation Needed (Same as a House) 02:54–Income Verification & Self-Employed Borrowers 03:13–The Pre-Qualification Process 03:43–Application & Closing Timeline 04:14–Manual Underwriting Advantage 04:28–Loan Terms: Min. Amount, Down Payment, LTV 04:54–Down Payment Sourcing & Credit Requirements 05:25–Why FNBA Does Unique Land Loans 05:58–Non-QM Loans on Vacant Land 06:50–Real Customer Story: Refinancing for Vacant Land 07:37–Minimum Loan Amounts & Small Parcels 08:15–Vacant Land Loan then Construction Loan 08:50 How to Get Started on Financing Vacant Land Connect with First National Bank of America Official Website: https://www.fnba.com/ Follow FNBA on LinkedIn:   / fnba   Like FNBA on Facebook:   / firstnatlbankofamerica   Follow FNBA on Instagram:   / firstnationalbankofamerica   NMLS# 413209 | EQUAL HOUSING LENDER