Land loan Info

[Codie]

Check with your local in-house community lenders and see what they offer. We offer 4.95% fixed for 15yrs with 15% down payment on raw land that could be considered Ag Land, which keeps us pretty busy in the land financing game.

[HeatherMac]

Check with your local in-house community lenders and see what they offer. We offer 4.95% fixed for 15yrs with 15% down payment on raw land that could be considered Ag Land, which keeps us pretty busy in the land financing game.

Who are you with Codie?

[Codie]

Who are you with Codie?

Graham Savings & Loan - We don't do much lending outside of our local 90 mile lending area (which is pretty typical of small in-house lenders). Search your local credit unions and see if there is one similar to us that can beat the Capital Farm/First Ag Credit offers, unless you are satisfied with what they are offering you.

[Darton]

Land Loan Specialists is who I went through and will use them again to buy more surrounding property!

[Jmh05]

If you are a veteran, check out the Texas veteran land board. That's what I hope to use in a few years.

[HeatherMac]

Graham Savings & Loan - We don't do much lending outside of our local 90 mile lending area (which is pretty typical of small in-house lenders). Search your local credit unions and see if there is one similar to us that can beat the Capital Farm/First Ag Credit offers, unless you are satisfied with what they are offering you.

Thanks Codie - we are either going with Prosperity Bank (local in Hempstead) or Capital Farm Credit.

[TransPecos]

I was very happy with Capital Farm Credit. As everyone has pointed out 20% down is the standard. Best of luck.

[hoythunter02]

Ttt, what are the rates looking like right now for any recent purchases?


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[BrianL]

i would make sure that my rate is fixed for the term of the loan.

[kingranch]

Man all I gotta say to the OP you better have purchased that 20 acres near austin! You are a millionare for sure bc 8 yrs ago it was cheap!!

[Slaunch]

I closed on 10 acres in Washington County this past December. The way rates are today and the way land value continues to rise, I could not afford my land today.

[Yak blue]

Land loan interest rates are ticking up weekly with the fed doing their thing. Was like 7.6% last Monday when I called on a 15 year note at capital farm credit…but that was before the fed went up 75 basis points on Wednesday.

[parkchief100]

We purchased an additional 5 acres next to our 10 acres and our home a couple of months ago. The bank we used required 20% down and the rate was 5.15% when we closed. It is steadily climbing! The President of the bank told me that raw land loans are typically higher interest rates than home loans.

[Tony Pic]

Take a look at this bank. Arrowhead bank. The branch I use is in Fredricksburg. But that a have a few other locations also in the Hill Country. They have been amazing all along with my construction loan and financing. They are a small local bank who blew others I shopped out of the water with their rates. Give them a look.

https://www.arrowheadbanktexas.com/

[SNKETR]

Give Regina a call at Eagle Bank, a branch of Round top state bank, in Round Rock. I’ve used her multiple times. Her and her crew are the best and who I always refer people too. I won’t use anyone else since working with her.