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  1. #1
    Varmiteer
    Join Date
    Feb 2008
    Location
    Eastern Wyoming
    Posts
    574

    Default Who is doing financing now on bare land? I know chunkey or somebody had mentioned it.

    Thanks
    Last edited by HBARleatherneck; 06-18-2021 at 19:06.
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  2. #2
    Grand Master Know It All BladesNBarrels's Avatar
    Join Date
    Oct 2010
    Location
    Lakewood, CO
    Posts
    3,640

    Default

    Tried owner financing?
    You could try USDA loan program and see if you and the purchase qualify.
    Did you use a Realtor in Wyoming? They should have some ideas for WY loan programs.
    Good luck!
    Buying Randall Made Knives and Randall 1911 Pistols

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  3. #3
    Machine Gunner
    Join Date
    May 2012
    Location
    Trinidad
    Posts
    1,222

    Default

    All I can I can say is good luck. When we tried to purchase a section with a house on it, the secondary market was not set up to handle acreage of that size. The local banks interest rates were so high, it price us out of the property. At $900 a month difference in interest, it wasn't worth it.

  4. #4
    Varmiteer
    Join Date
    May 2012
    Location
    Colorado Springs
    Posts
    615

    Default

    Please keep the group informed about your little section of heaven - I hope one day to go that direction myself.

    My needs are a bit more modest thinking 25 - 100 acres would be more than enough buffer zone.

    I rather go south; but cost for the land gets a bit too high, even if I settle for only 5 acres or so.
    Bradbn4 - Having fun in Colorado

  5. #5
    Paper Hunter
    Join Date
    Oct 2009
    Location
    Cripple Creek
    Posts
    104
    Common sense is a punishment for having to deal with those who don't have it.

  6. #6
    QUITTER Irving's Avatar
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    Nov 2008
    Location
    Denver, CO
    Posts
    46,527
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    Default

    Good luck

  7. #7
    Machine Gunner whitewalrus's Avatar
    Join Date
    Sep 2009
    Location
    Colorado Springs
    Posts
    1,869

    Default

    Loans on land alone tend to have much shorter lengths and much higher interest. I assume you tried the same place you got your current mortgage from?

  8. #8
    QUITTER Irving's Avatar
    Join Date
    Nov 2008
    Location
    Denver, CO
    Posts
    46,527
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    Default

    Can you get a construction loan?

  9. #9
    Grand Master Know It All
    Join Date
    Mar 2006
    Location
    Dickshooter, ID
    Posts
    4,828

    Default

    Not any help with the loan, but if ~5+ acres next door becomes available, let me know

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