New York Foreclosure Financing
Obtaining financing on vacant land is next to impossible in this economy, but at New York Foreclosed Land, we are fortunate to be able to offer the absolute best land financing offered anywhere. With a minimum credit score of 650 and a modest down payment of 20%, we can finance your property with no pre-payment penalties, points, appraisal fees or hidden bank costs. The terms are as follows:
| Term / Rates | |||||
| Down Payment | 10 Year | 7 Year | 5 Year | 3 Year | |
| 20% Down | 5.75% | 5.25% | 4.75% | 3.75% | |
| 50% Down | 4.75% | 4.25% | 3.75% | 2.75% | |
| All applicants must have a minimum credit score of 650 | |||||
| Maximum terms as follows: | |||||
| Loans $25,000 and higher | 10 years | ||||
| Loans $15,000 – $24,999 | 7 years | ||||
| Loans less than $15,000 | 5 years | ||||