need a thread, land financing..........

[dave85]

Can someone link me to the thread that listed some of the finance resources for bare land with a plan to build. tried to search it.

Farm credit Services?

anyway, thanks in advance.
Dave

[mowrey1999]

Sent PM ,with a few ideas

[dave85]

anyone know this company............
dave

[Mike in Ohio]

FCS is federally chartered. Actually, there are a number of different regional Farm Credit Services companies. Here is a link to the one that covers Ohio and a few other states. They should have a link to the other regions.

www.e-farmcredit.com

As with any other mortgage, read the mortgage agreement carefully. Understand your obligations and restrictions (for example, a restriction on cutting trees without the mortgage holders permission).

I've dealt with them in the past a number of times without any significant issues and I'll probably deal with them again in the future. If you think you are going to end up buying additional parcels or getting loans for other things, maintain a good relationship with your local loan officer (who may not be that local). They've turned around a loan commitment for me in 48 hours when I was looking at buying a parcel at auction and wanted to make sure I had the financing I needed in place before bidding.

Mike

[AngieM2]

http://rdhomeloans.usda.gov/about.html

this might help.

Angie

[myrandaandkids]

or you could go to the fsa....cant remember the addy but it comes up if you google, they have some great loans that cove everything from farm purchase to operations and more.

[Beeman]

Spoke to FCS today about a piece of land. They said 15% down and 6.45%.

[OmaMutti]

Another lender for land is Janus Agricultural: www.janusagfinance.com .

[GoatsRus]

FCS has our mortgage. They've been great to work with and I do my payments online. When it came time to buy a tractor, they financed the whole deal, no money down and asked how long WE wanted the loan for.