What is the current availability of mortgages and land loans?
; expect +/- 7.625 interest rates) or Victoria Spannaus of Wells Fargo Mortgage (telephone 910-692-6225). Vacant land mortgage rates are typically slightly higher than home mortgage rates. But, keep in mind, f you are considering the purchase of a lot and have immediate plans to construct a home — you may qualify for a better interest rate via a “bridge land mortgage to a construction loan” program. Please contact your preferred mortgage lender for more information.