Any insight on what these are looking like right now?
Looking at a couple acres to buy and build on here north of DFW.
Looking at a couple acres to buy and build on here north of DFW.
Post Reply
1 of 1
Land Loan Rates
2,037 Views |
10 Replies |
Last: 4 days ago by aggiebrad16
Capital farm was like mid 7s two weeks ago.
Red Pear Felipe
Joined:
Mar 25, 2022
Posts:
811
User Profile
Private Message
How long do you want to ignore this user?
Sponsor
AG
RBFCU has loans between 7.125% and 7.875% depending on length of loan.
Sponsor Message: We Split Commissions. Full Service Agents in Austin, Bryan-College Station, Dallas-Fort Worth, Houston and San Antonio. Red Pear RealtyAustin Monthly
OP land rates are not like residential in that they are much more customizable to the borrower. The land banks take a more wholistic view of your loan profile to make an offer. They look at the total summary of your financials.
Residential is pretty cut and dried. You meet minimum qualifications and you get XX rate. You really need to shop with 2-3 lenders to see what the options are for you.
Residential is pretty cut and dried. You meet minimum qualifications and you get XX rate. You really need to shop with 2-3 lenders to see what the options are for you.
If you're financing your construction project talk to those lenders as well. A one time close construction loan can include the lot purchase if the timing is right. Most of those lenders will have lot/land loans as well.
Fat fingered the emohji.
Fat fingered the emohji.
Has anyone been through a rate reset with capital farm credit? If so, how did it compare to current purchase rates? I have one that's still a ways out but want to be prepared.
What is your timeline to build? As others have said, you can do a one-time close interim construction loan and land purchase. Rural 1st would be a good place to look. https://www.rural1st.com/
Rural 1st is part of the Farm Credit System.
Rural 1st is part of the Farm Credit System.
+1 this is what I used last year.
CapitalFarmCredit
Joined:
Dec 16, 2012
Posts:
293
User Profile
Private Message
How long do you want to ignore this user?
Sponsor
Get in touch with your local Capital Farm Credit office. We can discuss a solution that best suits your needs whether it is an in-house portfolio loan or a Rural First product.dsvogel05 said:
What is your timeline to build? As others have said, you can do a one-time close interim construction loan and land purchase. Rural 1st would be a good place to look. https://www.rural1st.com/
Rural 1st is part of the Farm Credit System.
Sponsor Message:Whether looking to become a rural land owner, buy that ideal hunting property or finance your farm or ranching operation- with Capital Farm Credit, you're covered.
And our patronage dividend program means we share our profits and put money back in your pocket.
Together we’re better. Call 877-944-5500 or visit https://www.capitalfarmcredit.com/ to find out how.
And our patronage dividend program means we share our profits and put money back in your pocket.
Together we’re better. Call 877-944-5500 or visit https://www.capitalfarmcredit.com/ to find out how.
Guaranty Bank did a land loan for us last year. They were great to work with. Rates were as good as could be expected at the time.
Local banks seem pretty aggressive right now. Purchased a property last year and was quoted from several groups. Local banks were open to negotiate. Capital Farm Credit didn't even come close on a competitive rate and frankly acted uninterested which I was bummed about.
DeangeloVickers
Dan Campbell has to sell his home due to fan harassment
in Billy Liucci's TexAgs Premium
174
TCag2007
Another Interesting Thing From Elko That Went Under The Radar Monday
in Billy Liucci's TexAgs Premium
102