Finding a lending institution that will finance unimproved land is like finding a needle in a pine forest! They may have a land loan program but you will typically have to put at least a third down and pay application fees, appraisal fees, points, pre-payment penalties and make you jump through so many hoops many give up and walk away from the land they love.  About 50% of our customers use some type of financing to purchase their new property. 

NEW YORK LAND & LAKES FINANCING – We offer “In-House” financing that is very easy and affordable. With a minimum of 20% down, we can finance your purchase for up to 7 years with rates as low as 4.25% with, no application fees, no points and no pre-payment penalties! Also, since all of our properties are pre-approved by the Lender, there are no appraisal fees either.  Some of our customers finance their purchases for the full term of the loan while many others use our financing for a short term as a “bridge loan” to secure the property then seek out other financing options down the road. 

  • What you need to know about New York Land & Lakes and financing:
    • A minimum credit score of 720 is required
    • If your credit history is less than stellar, the mortgage department may require a larger down payment and/or a shorter term
    • Approvals are usually obtained in one day or less
    • Ownership can be transferred in seven to ten days with our financing


GET PRE-APPROVED! Download a credit application here


HOME EQUITY (HE) – If you own your home, chances are you have built up equity that you may be able to borrow against.  Equity is the difference between the amount you owe on a mortgage (if any) and the market value of your home.  Many banks offer very attractive rates and terms for home equity loans.  These types of loans typically can be approved fairly quickly and can close within four to six weeks  but they require some legwork on the Borrower’s part. The HE loan has been a popular option for our customers over the years.