Finding lot/land loan (interest rate, approved, credit, rate)

[djc6]

I'd like to buy the empty lot next door to me, but not to build on - just to preserve the space between me and the other neighbors. I'm having trouble finding a lot loan - anyone have any tips on where to find one or a bank that can help me?

[tel0004]

If you have enough equity in your home, maybe a home equity line of credit?

Refinance and roll it into a single mortgage (I realize this may not be a great idea depending on the interest rate on your primary mortgage).

Both these have some downsides, but might be easier to get approved for.

[VictorBurek]

Lot loans are difficult to find. Try a local credit union.

[jackmichigan]

Originally Posted by VictorBurek

Try a local credit union.

Or see if the owner will provide Seller financing. Maybe they'll even sell it on a Land Contract.