how do I get a loan to buy land with poor credit?
114665
Land loans are difficult to get to begin with.   The best way to do it with bad credit is hard money.  You will need a 50-60% down payment.
625098
What is your definition of terrible? There is always a loan out there but getting it can require out of pocket funds to qualify. If your credit is really bad most lenders will not finance a 100% purchase so you'll need to come into the deal with funds for the down-payment and closing costs.\n\nGive me a call or drop me an e-mail and we can go over your specific scenario.\n\nKruorock@firstratelending.com\n866-562-6838 x 106
503885
try Prosper.com.  If you meet a minimum credit score criteria you should be able to get a small loan with a decent interest rate and low payments
102032
You need to have excellent credit for those kinds of loans. I suggest you shop around several banks, and lendingtree.com\nYou may qualify for a low downpayment not as high as it would be normally. Just shop around and make sure you have a couple thousand saved up for closing cost and a downpayment.
913356
there are lenders here for people with limited credit experience\nhttp://www.wesayes.com
1018869
Try to find a rent to own. My husband and I had bad credit and wanted our own home. \nWe looked in our daily local newspaper and found a 3 bedroom -2 bathroom ,2+ acres and all we had to do was sign the lease and give a 1000.00 down and we were in.\nA lot of rent to owns don't do a credit check. \nWe pay 640.00 a month and that includes insurance and water.\nWe pay 200.00 a yr in taxes. We have now been in our home 1 yr and loving it!
913111
Bad situation...maybe you get a loan from a bank or a lending company.
1070480
That isn't going to be easy.  Most places do a credit check.  There are ways with good credit to buy with no money down.  An individual might sell you real estate that way, but it isn't a wise way to do business.
510626
You may find a tough time getting a loan from financial institutions with poor credit, even from SBA. SBA requires a number of factors to avail of their loans, and one of them is good credit history (see SBA Basic requirements http://www.sba.gov/financing/preparation.htm )\n\nIf you cannot get loans, try to get a loan from your parents, family and friends. If they cannot give you any, use your credit card. Credit card requires no collaterals but are an expensive source of funds. \n\nOtherwise, either downscale your plans and amount of capital needed; or wait until your financial situation improves.
828469
Depends where you are in the world, but a credit card may be the fastest route to the credit.  Or a loan from a local bank - however they will require some collateral.
30136
i am in the same boat as you. far as i can tell right now you have to go and pay all the bills that got you bad credit and then go and like finance something or get a contract cell phone or get a small loan. something to build the credit back up. but that is all i can figure right now.
299517
Go to a Mortgage Lender...they service loans to poor credit, although if it is too bad, they may want you to clean it up a bit before loaning to you anyway.  A loan that takes into account poor credit is going to at least double if not more the percentage rate of your mortgage.  When you go to look for your loan, be sure to watch for all of the hidden costs (that goes for ANY mortgage)...never sign anything until you have seen a Good Faith Estimate which will disclose any and all fees that are associated with your mortgage!  If you don't understand it, find someone who will help explain it to you....don't let the lender that is "offering" you the loan do the explaining...they can try to make everything sound "okay" and you can get yourself into a mortgage that you can't get out of.  Be Careful!!!   and Good Luck!!!
976979
The answer you got from the person telling you to borrow the $70,000 is misinformed. You can't borrow $70,000 on a property unless it appraised for $70,000. I'm assuming that since the purchase price is $55,000, then it will only appraise for $55k or $60K.\nEven though Lending Tree says bad credit ok, they don't really have lenders that have programs for people with really low scores. You need to look in your Yellow Pages under mortgages or mortgage brokers. You will probably see some ads for brokers that say bad credit ok, non-conforming or sub-prime loans,things like that. Start calling a few of them, tell them your situation and see if they can help you. You didn't say how low your score is. You can ask the broker if you could get a FHA loan or downpayment assistance. Don't forget, call several different brokers, because they all use different lenders and there are hundreds of programs out there. So if one broker can't help you, there might be another one who can. Also, if your score is too low, they can advise you on things you can do to raise your score fairly quickly.\nIf you can't get a loan, you could ask  the seller if he would consider doing a lease purchase. If he would, you could rent the house for a period of time, say a year or two until you can improve your credit and qualify for a mortgage. Part of the rent you pay applies to the purchase price of the home.Also, you could ask him if, he would do a land contract. That is basically, where the seller gives you a private mortgage. You make the payments to him. After a year of making your payments on time and working on improving your credit, you go and get a refinance mortgage with a lender and pay the seller off. These types of transactions are done all the time and might be a good option for you.
1153442
Call a local mortgage broker (check your local yellow pages) and ask for a consultation, they are usually free or may charge a small fee (< $25)  for pulling your credit report..  Do not call a bank.  Mortgage brokers have many more programs available than banks and are more experienced in dealing with folks with troubled credit.  Anyway, they can pull up your credit and see how it looks.  It may not be as bad as you think.  If it is, there are programs such as FHA that are not credit score driven.  It always helps to have money saved up for a down payment, and while 100% loans can be obtained, you will most likely need a minimum of 3% down.  If you do not have the 3%, it can be in the form of a gift from family or friends.  There are 3rd party non-profit companies that you can get the donwpayment from, although FHA has been looking down on them lately.  Mainly b/c the 3% gets financed back into the loan....sort of...but I can't say that...LOL\n\nA good mortgage broker will have all of this information.  He/she should also be able to direct you on what to do if your credit needs a little repair.  If you are not ready to buy now, they can coach on what to do to be ready in 6 months or so.  Good luck with your dream of owning a home.
795791
To get started with no money and no credit, you will need to find great deals in real estate and sell them to other people. \n\nFor example, you find a house worth 100k fixed up and at it's current as-is condition is worth 80k. You are able to buy this house from the owner for 70k. So, you give the owner an assignable purchase option contract stating that you have the right to purchase this property for 70k for the next 3 months. The owner signs it, and you give the owner a dollar to make it legal. Now you find those guys who are great at fixing up property (known as rehabbers) and sell them (assign them your rights) this contract for 5k. So the rehabber pays the owner 70k and you 5k. So the rehabber then repairs the place and sells it for 95k to a retail buyer. This is only an example, you can flip these contracts to anyone, including retail buyers regardless of the condition of the property.\n\nVisit your local book store for more info or read websites like:  www.reiclub.com\n\nRegards
1072246
Assuming you're paying cash, figure out where you'd like to buy the land, then find a real estate agent in that area.  When you find the right piece of land, put a contract on it with your buyer's agent.  You can be a landowner in less than a month!
541487
Suggestion: Go to 'rent to own' places and ask them if they will report your timely payments to the credit bureaus for you. Most of them will be happy to say yes, if you buy something of course. Get something small and simple and make the payments on it. Try to get 90 days, same as cash and knock it out before the 90 days are up. They report your good work and you can start rebuilding your credit. The bad stuff will still stick around for 7 years, but your efforts will help you in getting loans if you need them. Good luck to you!