How can someone with bad credit get a Loan to purchase rural land?
Wednesday, April 14th, 2010 at
10:50 pm
Single Mother, in a bad car accident several years ago…result bad credit from collection companies for unpaid medical bills
I want to buy two acres of land, I have no money for downpayment, can anyone point me to a lender that does lot land or land loans with a credit score of 549.
sorry but you are out of luck, especially vacant land
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Filed under: Bad Credit Help
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sorry but you are out of luck, especially vacant land
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Yes You Can!!! I also have bad credit and was looking for land and a home. I got a FHA loan. Just got approved last week. I was able to get 3 acres and a brand new double wide. Yes I did have to put a down payment but it was small. Good thing is that everything else is included in the loan. Check with your local banks.
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only a private investor is your only hope on land only loan
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Find someone with good credit to buy it for you. Most of the new housing programs want you to have a score of 620, and then they want you to get a house on property, not just property.
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