Land Loans

OpenLandNearKonaObtaining a land loan 

Land loans are short term, interest only loans and balloons at the end of the term. The term of the loan runs 1-3 years with interest rates running 6.125% – 6.375%. The maximum loan is 65% of the appraised value or purchase price, whichever is lower.

Additional requirements:
Utilities have to be available
No large acreage
No leasehold estates
No commercial farming

Did you know?

The Big Island of Hawaii is 4,028 sq. miles, so big in fact, the other Hawaiian Islands could fit on it nearly twice. Yet Hawaii Island is the youngest in the Hawaiian chain, a mere 800,000 years old.

West Hawaii Map

 

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