Land purchase advice

[Pistol&Pearls]

I am looking at buying some land. The land does not have a house but is currently being used for cattle. It has a barn and cattle pens and is broken into a couple pastures.

Because there is no house and from what I read most banks are more skeptical with riskier loans like this, where is the best place to start? Any advice is greatly appreciated.

[Lazyman]

Talk to Kumathebear

[DUKFVR]

We used Capital Farm Credit. Great service from them. They specialize in ag land loans and just about anything ag related.

[RutnBuk]

We used Capital Farm Credit. Great service from them. They specialize in ag land loans and just about anything ag related.

This right here. I think buying raw land is way easier than buying a house. Just my experience.

[12RingKing]

Capital farm credit if it's a large piece of property... around 10 acres they kinda whine about.

Try local CUs, you may be surprised.

[flatlander]

We used Capital Farm Credit. Great service from them. They specialize in ag land loans and just about anything ag related.

Another vote for Capital Farm Credit. Top notch people.

[easeup]

I also think land with no house is far easier and the preferred way to go. just show your loaner why you are not a risk....put some money on the table.

[Antlers86]

Capital farm credit if it's a large piece of property... around 10 acres they kinda whine about.

Try local CUs, you may be surprised.

Local CU did mine. I would start there and call around.

[ReydonPete]

We used Capital Farm Credit. Great service from them. They specialize in ag land loans and just about anything ag related.

This is where you need to start

[Pistol&Pearls]

Thanks. It's about 66 acres and I should have about 20k to put down and plan to lease it until I build on one some piece of it and then still lease the rest.

[M16]

Thanks. It's about 66 acres and I should have about 20k to put down and plan to lease it until I build on one some piece of it and then still lease the rest.

You might be low on the down payment part. Most places want 20% down on raw land. Check you local banks as well.

[Pistol&Pearls]

You might be low on the down payment part. Most places want 20% down on raw land. Check you local banks as well.

What I'm worried about

[60 Deluxe]

I don't know what you are paying for this place but around here 20K would be 20% or more for 66 acres of pasture.

[RutnBuk]

I don't know what you are paying for this place but around here 20K would be 20% or more for 66 acres of pasture.

You must be really isolated. Not that there's anything wrong with that.

[12RingKing]

What I'm worried about

TDECU will do 10% with approved credit. You will have to refi it eventually though. They give ARM loans that are fixed for 7 years.