Six Lakes Realty

Financing Your Northwestern Wisconsin Raw Land Purchase

NW Wisconsin Raw Land For Sale Six Lakes Realty

Have you dreamed of owning your own Northwestern Wisconsin retreat? Whether you seek land for hunting, water access, or a place to someday build a family getaway, you’ll find beautiful wooded property in Chetek and the surrounding area.

The key is knowing your purpose for the land, and finding the right financing to make it all happen.

Lenders view raw land as a higher loan risk – the down payment requirements can be steep. The exact down payment required depends on the individual lender, the land itself, and your own creditworthiness. Here are some rules of thumb:

Raw land financing in Wisconsin

Depending on the lender, your down payment may need to be 20% to 50% of the total purchase price. The lender may require a survey, and possibly an inspection of the property. Soil quality, topography, easements, highway access and leasable rights (such as tillable land or timber harvesting) may enter consideration.

Raw land loans carry higher interest rates than a home mortgage, and may have shorter terms. This can mean a higher monthly payment than you might expect.

Local lenders who do business in the area can be your best bet for financing. At Six Lakes Realty, we know reputable lenders who offer Northwest Wisconsin land financing! Just ask us for a lender referral.

Other options to consider:

  • Home equity loan against your primary residence
  • Loan against 401k retirement fund
  • Loan against cash value of life insurance
  • Seller financing/land contract, when available
  • Cash purchase using pooled funds among friends/family
  • Any combination of the above resources

Ready to explore recreational land in Northwestern Wisconsin? Tell us what you’re looking for – we’ll help you find it!

John Flor
Managing Broker
Six Lakes Realty
Office: (715) 924-4806
Email: john@sixlakesrealty.com

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