tucson land

Ready to Build your Custom Home? It's time for a Construction Loan

You’ve decided to build your dream home and now it’s time to pursue a construction loan.
 
Whether you own you lot or need to purchase a lot, Prime Lending can help. If you already own your lot, we can use lot equity and apply it to the down payment requirement on your construction loan. For example, if your lot value is $100,000 and you owe $40,000, you will have lot equity of $60,000 to apply to the down payment requirement. The down payment on a primary home is as little as 10% on the first home and 20% on a second one.
 
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Determining A Building Site on Vacant Land

When I walk through a vacant parcel of land for the first time, like most people, I am impressed by the ease and ambiance of the entryway, the vegetation, the topography, the views and the physical attributes of the parcel and its surroundings. As my clients may continue to concentrate on these, I begin to shift myfocus to identifying the potential buildable areas and thus the actual building location(s) on the site. If the parcel is in a subdivision, the answer will come more quickly as we can look to the subdivision’s recorded, final plat for information.

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The Allure of Land

I have been involved in land sales as a Real Estate Broker since 1983, when from an office in Chicago, I became a General Partner in a land syndicate that purchased 40 acres of desert land in a remote, undeveloped area of northwest Tucson. From that day to this, I recognized an uncanny desire on many investors’ parts to own land versus other forms of real estate. I call it the allure of land.

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