Land Loans & New Builds
Did you know that it's possible to keep cash in your own pocket by financing your land purchase as well as the building of a new home? There are conventional loan products available in today's real estate market that will allow buyers to purchase both their land and then build their new home - keeping your down payment low and more money in your pocket! Like anything else there are some details to be sure to cover but this is a fantastic option for home buyers in a low-inventory market. One such lender, Home Savings Bank, offers a loan product that only requires one closing for the land and the new home.