You can use a mortgage loan calculator to determine how much the maximum amount you could borrow would be. But it’s never advisable to borrow the maximum. Also, you’d need to account for any other debt or payments you have. Etc. From that you’d better be able to determine if you could afford land, a kit, labour, all the requirements to connect to the grid, and then the monthly pmts on everything - including utilities & property taxes.
Also, building loans are usually different than mortgages - shorter term and higher interest. It’s riskier for the bank to finance a build than to buy an existing home because they know what the value of the existing home is, but they have no idea if you’re going to build what you say you’re going to, on time on budget, and to what level of quality. So, buying a kit of any sort of small home or prefab home that isn’t completely assembled yet will likely be a more expensive borrowing cost IF they will finance it. Then once it’s built maybe they’d assess the property and the home and convert the building loan into a mortgage with more preferable terms. I don’t know this all to be fact, it’s an educated guess. You’d have to speak with a local mortgage broker or bank/credit union loan officer to find out what’s possible.
Very rough math, though, is that they don’t like to loan people money for housing that consumes more than 1/3rd of their income. So, in your case the max payment you’d likely be approved for would be around $550 or so per month. They may want that to include utilities and taxes, too. So, it depends on your local prices of heat/other services, property taxes, and of course the property itself. If you live where developed property with city services is very inexpensive, this may be a possible option. But the land would have to be very inexpensive for you to possibly qualify for the loan to buy it, like 10’s of thousands not hundreds of thousands.
It’d be totally impossible where I live because building lots for detached homes in the suburbs are now selling for more the $1M soooo no. But I live in the least affordable real estate market on the continent. You may live where a building lot costs $50k & so then maybe your idea isn’t so financially impossible. You’d need to provide a lot more info and numbers to figure out of this is even possible for you to consider at your income level.
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for supporting trump. Because doing so is deplorable.