Who did you use? Recommend?
Required % down?
What type of interest rate should I expect?

I have heard the norm is ~15-20% down is standard and the interest rates are 7-8% even with steller credit.

True?

Are you a veteran?

I went thru Capital Farm Credit. Late last spring rates were 4.8% more or less on 10 yr notes and 5.2% on 15 yr notes at the time on unimproved land. 20% down is the norm with most anyone. My bank was willing to go Prime + 2% on a 10 yr note if I put all my money in the bank with them with zero down at the same time. Capital Farm is hard to beat on land loans and easy to work with.

That's bank financing. Owner financing can be a bit more creative. Maybe less down with higher interest rate usually.

No not a veteran

not every owner will finance....and if they will its typically short term,5-7 years is about the max.

Capital Farm Credit is the lending agency I recommend.

typcially, expect to put 20% down. sometimes its 15% and sometimes its 30%, but 20% is standard. Depending on how they structure your loan terms and your credit, expect to see interest rates from about 4.25% to the mid 5%'s.

Can hardly find a LO that will self finance around here anymore.... i dnt blame them though... I went through a local bank

anything over 10acres is 20% down....at least with who i went through

My local bank did 6.1% 7yr/20yr with 15% down on raw land. If a house/cabin would have been present it would have only been 4.5%. This was with excellent credit.

Iv got mine at a 5%fixed rate for 5 or 10yrs i think... prolly will shoot up after it runs out

I buy everything in cash, but I'm very wealthy and drive only the finest vehicles.

ballla

We financed ours through capital farm credit 20% down was required and we originaly financed it for 30 years. Rates went down and refied for 20 and the payment went down.

I used a local bank. They had to do an in house loan that they could not sell off. Had to put 20% down. Did a 30yr note on a 5/1 arm. Best deal I could get. Most of the big land lenders did not work in my county.

Capital farm credit, plus I think you're like a shareholder w/them (ie, if they making money, you get a check every year, which makes the bottom line interest rate lower than advertised)