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Land Loans for First Time Land Buyers

Billy McOwen Season 1 Episode 5

Billy McOwen talks with Neil Songer the VP of Southern Bank's Manteo Branch on what is involved in pre-qualifying, and underwriting land loans for first time land buyers.  Details cover the underwriting process, down payments, rates and terms, optional loans for clients who wish to purchase the land now and build later.  Everything you need to know about getting a land loan or a loan for a rural residential purchase.