Financing Land Purchase In Texas

Texas farm credit finances land purchases for full time farmers and weekend ranchers alike.

Financing land purchase in texas. A cooperative texas bank specializing in financing farms ranches country homes recreational property poultry livestock equipment and agribusiness loans. The vlb veterans land loan program is the only one of its kind in the nation giving texas veterans and military members the opportunity to borrow up to 150 000 to purchase land at competitive interest rates while typically requiring a minimum five percent down payment for tracts of one acre or more. It can be difficult for some buyers to come up with. 8 00 am 5 00 pm.

If you do find a lender willing to work with you on your purchase of a raw parcel you may find that your loan will fall under the umbrella of commercial lending in which case you should. Farm credit institutions typically seek at least 20 percent down payment for a land purchase. Not the cheapest way to buy land. 800 950 8563 contact us ag banking online ag.

Buying raw land can be significantly cheaper than buying already improved land but it will be harder to find a lender willing to finance your purchase. A land loan allows you to purchase a lot and stake your claim before you ever begin to think about construction alleviating a few of the unknowns that can come along with a new home build. We can finance acreage of all sizes. To speak to a mortgage representative call 1 800 580 3300 select option 3 then option 2.