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How to Finance Land Purchases - Part 1 3 года назад


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How to Finance Land Purchases - Part 1

0:00 Introduction 1:09 Pre-Approval 3:08 Conventional Loans 4:27 USDA Rural Housing Loans 11:52 Wrap Up You’ve been waiting long enough! This is PART ONE talking about how to finance land. This episode focuses on on avenues you may be able to explore in order to borrow money for land with a home already on it. Discussions on raw land will take place in part two. **NOTE: In the video, I had my figures reversed about value of a home vs value of land for USDA loans. The land may not exceed 30% of the total appraised property value for this type of loan. Stated differently, the home has to hold 69% or more of the value of the total property.** To start your pre-approval process reach out to one of these two options Anna Pitcock at Stockton Mortgage https://stockton.com/anna-pitcock/ AgCredit https://apply.farmcredit.net/LoanAppl... Rural1st https://apply.rural1st.com/#/loan-off... -------- USDA Rural Housing Loan Information: https://www.usdaloans.com/program/pro... More on Stockton’s Rural Hobby Farm Loan and other programs https://stockton.com/loan-programs/ Website: http://www.landandhomes.co Facebook:   / landandhomes.co   Email: [email protected] Instagram:   / landandhomes.co  

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