Finding the right piece of land to build a new home takes time. Choosing the people to help you finance it shouldn’t. At GreenStone, we’re here to help you build your perfect country home in your dream location. We can structure the financing to help you purchase the land and build whenever you’re ready — there’s no reason to rush when it comes to building your dream home. Plus, we’ll never limit the amount of acreage you can buy. So, dream big, you’ve got a future to build out here. We offer:
- Short and long-term mortgage options that align with your needs
- Fixed, adjustable, and variable interest rates to maximize your savings
- Financing for site improvements for unlimited possibilities
- No acreage restrictions, and the ability to build when you’re ready
Frequently Asked Questions About Financing a Home Site
Loan Approval Process
Patronage Program
FAQs
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What are my down payment options?
Typically, mortgages require a 20 percent loan to value down payment. We have options for borrowers looking to secure their down payment, including:
- Providing 20 percent cash down
- Other property or forms of collateral to meet some or all of the down payment requirement.
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How do I reamoritize my loan?
Loan reamoritization can be done quickly without the need to refinance throughout the life of the loan as equity is accumulated. A visit with a local financial services officer can get the process started.
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Can I finance vacant land for up to 30 years?Yes, we are one of the few lenders who will write mortgages on vacant land without the stipulation to build with in a certain timeframe. Many of our customers use our vacant land mortgages to purchase hunting land or recreational land.
