Michigan Land Loan Mortgage

Michigan Land Loan Mortgage
Purchasing Michigan vacant land can be a real problem if you don't have perfect credit or large down payment and reserves. We have all types of financing options to purchase property in Michigan. Apply here for a 30 year fixed rate land loan or 15 year fixed mortgage We use the appraise value not the sales price. Start with equity.

Unimproved, property, with no plans for improvement is the hardest type of property to secure a loan on because it is in essence a speculative investment. A vacant land loan no longer requires a higher down payment or a higher interest rate than an improved property. We use the appraise value not the sales price.

A personal friend of mine once told me "they are not making anymore land", we are only limited what we have on this earth and with the population constantly increasing the demand for property increases. This is a great opportunity to purchase property at low rates with little or nothing down. You can use the personal property to develop it, or just have it for an investment. I've seen more first time millionaires from purchasing, selling, investing in income property to gain their wealth.

We can help you finance your lots and/or tracts of land as well as the building of your new home. We can do construction to perm. mortgage with just one closing.

Michigan vacant land loan:

• Acquisition and construction loan
• Vacant lot improvement
• Subdivision loan for builders
• Rural / agriculture property
• Commercial / Industrial uses
• Mobile home RV parks
• Parking Lots
• Special use
• Hunting, Fishing, Camping, ATV, personal use

Purpose of land loans
Many people buy land which is not yet built upon with the intention of building their own home on the acreage at some future point in time. Land loans may also pay to finance real estate investment which is purchased by investors in the hope that the area will become popular and value of the land will rise

The best way is to get pre-approved to purchase your Michigan property. See Apply Today

A Michigan Mortgage Company of Michigan will do the shopping for you to find the best lender for your financial needs.

You can have as little as 0% down, Rates below prime. Realtors from all over are taking advantage of our low rates.

Michigan Vacant Property can be one of your best investments.

There are many ways to purchase property. One of the best ways to have a home equity mortgage. You can access your money anytime, when you find that perfect property you can purchase it immediately. You will be able to negotiate a better price and most of all, you know you have the money to use for that special piece of property. If it's for investment purposes you have very little cost involved, so you save money on closing costs.

Loans are available if you are not planning to build immediately. We offer several convenient programs depending on your needs. A fixed rate product is amortized over 30 years to keep the payment low.

So consider investing in property. There are many ways to make money on your property, lease for farming, hunting, lumber companies for trees, camping use. etc. The satisfaction of owning property in this Great Lakes State we all love.

As the housing market is failing, Vacant land has not lost it's value. Inter-Lake Mortgage Company, LLC is the primary land loan company specialist. Our rates are fixed for the life the loan - NO Balloon.  We finance lot loans to a 1000+ acres, may be used for farming, hunting, develop, camping, or just an investment. You do not have to make any improvements during the life of the loan.