https://ficoforums.myfico.com/t5/Mortgage-Loans/vacant-land/m-p/958650#M78042 <P>Not hard at all if you have cash, a little more difficult if you are looking for the seller to carry the financing, and a little more difficult than that if you are looking to obtain a traditional mortgage as typically there are about a 25-30% down payment requirement, although it's a very niche product so you may end up finding local community banks offering as little down as just 10-20%. &nbsp;Lots in subdivisions is what they are looking for, buildable lots, as lenders aren't too keen on lending on undeveloped wilderness.</P> Mon, 27 Jun 2011 16:37:24 GMT ShanetheMortgageMan 2011-06-27T16:37:24Z https://ficoforums.myfico.com/t5/Mortgage-Loans/vacant-land/m-p/957928#M78024 <P>how hard is it to purchase a lot these days</P> Sun, 26 Jun 2011 22:08:03 GMT https://ficoforums.myfico.com/t5/Mortgage-Loans/vacant-land/m-p/957928#M78024 Anonymous 2011-06-26T22:08:03Z https://ficoforums.myfico.com/t5/Mortgage-Loans/vacant-land/m-p/958650#M78042 <P>Not hard at all if you have cash, a little more difficult if you are looking for the seller to carry the financing, and a little more difficult than that if you are looking to obtain a traditional mortgage as typically there are about a 25-30% down payment requirement, although it's a very niche product so you may end up finding local community banks offering as little down as just 10-20%. &nbsp;Lots in subdivisions is what they are looking for, buildable lots, as lenders aren't too keen on lending on undeveloped wilderness.</P> Mon, 27 Jun 2011 16:37:24 GMT https://ficoforums.myfico.com/t5/Mortgage-Loans/vacant-land/m-p/958650#M78042 ShanetheMortgageMan 2011-06-27T16:37:24Z https://ficoforums.myfico.com/t5/Mortgage-Loans/vacant-land/m-p/961442#M78129 <P>Thanks for the response Shane, the lot i wanna buy is in a subdavision that flopped after building 20 houses. The lot is for sale through a short sale for 9,900 it's original selling price was 85,000 and it's a1/3 acre. i just wanted to buy and build maybe at the begining of next year.</P> Thu, 30 Jun 2011 02:04:35 GMT https://ficoforums.myfico.com/t5/Mortgage-Loans/vacant-land/m-p/961442#M78129 Anonymous 2011-06-30T02:04:35Z