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 01-04-2017, 06:01 Post: 26761
J. Dubbs



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 land mortgages

All types of loan institutions will hesitate to provide unsecured loans on property you do not plan on improving almost immediatley, like the construction of a new home. Loans for unimproved property will require a higher pecentage of money down and will have higher interest rates. The most receptive institutions will be ones closest to the property, preferably smaller chain banks, who need the business. Another option is your local bank who deals with farmers on a regular basis. In PA the institution is called "Farm Credit". They offer home and land loans, welcome the business and are familiar with the problems related with the purchase of farm property which is often unimproved land. Good Luck.






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Discussion Boards > Active Subjects > Messages as Posted > Feeding Forum

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