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Feb 12th, 2024
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 Lenders for land buy
#8527701
02/09/22 09:42 PM
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Joined: Oct 2013
Posts: 1,331
Dave Scott
OP
Pro Tracker
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OP
Pro Tracker
Joined: Oct 2013
Posts: 1,331 |
Some years ago I was told the Fed Govt farm bureau, or some such agency had really good loan terms. Low fixed rates for 40 years. Anyone have any knowledge on such loan programs or any good lenders? Thanks.
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Re: Lenders for land buy
[Re: Dave Scott]
#8527776
02/09/22 11:08 PM
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Joined: Nov 2009
Posts: 917
DUKFVR
Tracker
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Tracker
Joined: Nov 2009
Posts: 917 |
Capital Farm Credit or even check with local lenders.
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Re: Lenders for land buy
[Re: Dave Scott]
#8527859
02/10/22 12:46 AM
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Joined: Feb 2010
Posts: 11,658
GusWayne
THF Celebrity
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THF Celebrity
Joined: Feb 2010
Posts: 11,658 |
never heard of that for just land
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Re: Lenders for land buy
[Re: DUKFVR]
#8527973
02/10/22 02:39 AM
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Joined: May 2011
Posts: 1,235
Fltmedic
Pro Tracker
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Pro Tracker
Joined: May 2011
Posts: 1,235 |
Capital Farm Credit or even check with local lenders. This for sure
Don't take life so seriously, you'll never make it out alive!
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Re: Lenders for land buy
[Re: Dave Scott]
#8528227
02/10/22 02:38 PM
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Joined: Oct 2013
Posts: 1,331
Dave Scott
OP
Pro Tracker
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OP
Pro Tracker
Joined: Oct 2013
Posts: 1,331 |
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Re: Lenders for land buy
[Re: Dave Scott]
#8528819
02/11/22 04:47 AM
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Joined: Oct 2011
Posts: 3,161
SouthWestIron
Veteran Tracker
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Veteran Tracker
Joined: Oct 2011
Posts: 3,161 |
Central Texas Farm Credit.
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Re: Lenders for land buy
[Re: Dave Scott]
#8534152
02/17/22 10:10 PM
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Joined: Aug 2012
Posts: 301
83mvp
Bird Dog
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Bird Dog
Joined: Aug 2012
Posts: 301 |
We bought our place through Texas Bank and Trust headquartered in Longview. Paid it off early so don't have a long term opinion but they financed without any issues.
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Re: Lenders for land buy
[Re: Dave Scott]
#8537116
02/21/22 02:54 PM
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Joined: Jan 2007
Posts: 346
Daddybigbuck
Bird Dog
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Bird Dog
Joined: Jan 2007
Posts: 346 |
Capital Farm Credit has lots of options
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Re: Lenders for land buy
[Re: Dave Scott]
#8546846
03/03/22 06:52 PM
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Joined: May 2014
Posts: 261
kshorthairs
Bird Dog
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Bird Dog
Joined: May 2014
Posts: 261 |
Call me and I can help you get plugged in... Depending on the county, there are several options.
Brandon Azuelo - Land Specialist/Sales Agent in Texas & Oklahoma No Fences Land Company 3500 Highway 121 Bedford, TX 76021 Cell: 972.800.7773 Email: brandona@nofencesland.com Web: http://www.nofencesland.com/
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Re: Lenders for land buy
[Re: Dave Scott]
#8547275
03/04/22 03:35 AM
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Joined: Mar 2022
Posts: 2
thatmike
Green Horn
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Green Horn
Joined: Mar 2022
Posts: 2 |
I compared most of them and ended up going with Central Texas Farm Credit. It came down to them and Capital Farm Credit. I bought just northwest of Brady, TX - just over 113 acres right on the edge of the Edwards Plateau, with 150 foot elevation changes. It was part of a 600 acre parcel broken up for wind turbines and 20-100+ acre tracts. Power and internet available, water by well (but several performing wells in the area). Already ag and wildlife exempt, so I've got some time to get my wildlife plan together.
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Re: Lenders for land buy
[Re: Dave Scott]
#8547884
03/04/22 11:18 PM
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Joined: Jun 2006
Posts: 8,318
Dave Davidson
THF Trophy Hunter
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THF Trophy Hunter
Joined: Jun 2006
Posts: 8,318 |
If you’re a veteran, look at the Texas Veteran Land Board
Without a sense of urgency, nothing ever happens.
Boy, if I say "sic em", you'd better look for something to bite. Sam Shelley, Rancher Muleshoe Texas 1892-1985 RIP
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Re: Lenders for land buy
[Re: thatmike]
#8550271
03/07/22 07:06 PM
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Joined: May 2014
Posts: 261
kshorthairs
Bird Dog
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Bird Dog
Joined: May 2014
Posts: 261 |
Excellent! That is a nice area!
Brandon Azuelo - Land Specialist/Sales Agent in Texas & Oklahoma No Fences Land Company 3500 Highway 121 Bedford, TX 76021 Cell: 972.800.7773 Email: brandona@nofencesland.com Web: http://www.nofencesland.com/
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Re: Lenders for land buy
[Re: Dave Scott]
#8550416
03/07/22 10:24 PM
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Joined: Feb 2015
Posts: 2,671
Txhunter65
Veteran Tracker
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Veteran Tracker
Joined: Feb 2015
Posts: 2,671 |
Anyone have an idea or willing to share what current terms are these days for land as far as down payment required, length of term, or general idea of interest rate?
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Re: Lenders for land buy
[Re: Dave Scott]
#8556676
03/15/22 04:39 AM
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Joined: Nov 2008
Posts: 535
Leadsh2
Tracker
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Tracker
Joined: Nov 2008
Posts: 535 |
Farmers business network https://www.fbn.com/dashboard30 yr fixed at 4.39% No patronage rebates but lower rates. So far so good in the process now of using and my friend just used them no issues. Simple.....only downfall they are more like 90-100 days to close
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