Land Purchase
Buying land is one of the most secure investments you can make. Tax deductions, cash returns on initial investment and potential borrowing power all make land purchase an attractive option for the astute investor. There are minimal taxes and no running costs, and because it cannot be damaged or stolen, you save money on insurance.
Whether you have a block in mind for your future home or are looking to buy land as an investment, we will work with you to help you achieve your goals. We can offer advice on the best type of land to purchase and help you determine your best financing options. Land purchase loans offer fewer restrictions and more flexibility than other types of loans, whether you choose to go with a private seller, bank or credit union. We will work with you to determine the best land purchase loan for you.
If you wish to build on the land for commercial or residential purposes, we can help you with a construction loan that can be converted to a mortgage. See our section on Construction Loans for more information.