If you love the outdoors and everything it offers, it’s easy to understand why you’d like a piece to call your own. When you’re ready to invest in recreational land for hunting, fishing, camping, hiking, or just enjoying with friends and family, GreenStone is here for you with lending options that meet your needs. We offer:
- Long-term loans that align with your needs
- Competitive interest rates to maximize your savings
- Small to unlimited acreage financing so you can dream big
- No stipulation to build, enjoy your land however you want
- The ability to include cabins, pole barns, outbuildings and other site improvements in your financing
Frequently Asked Questions About Financing Recreational Land
There are many questions that come to mind when financing recreational land. That’s why GreenStone’s experienced loan officers have shared a list of their most frequently asked questions to assist you during this exciting time.
Loan Approval Process
Are you ready to submit a loan application? View our loan approval process and see what documentation will be required as a part of your loan application.
Patronage Program
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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.
