Land Financing Rates Alabama

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Land financing rates alabama. Your local loan officer who specializes in land and ag lending is ready to guide you through various financial options customized to your distinctive needs. Capital farm credit is the premier ag and land lender in texas. Farm credit institutions can normally do up to 30 year amortizations with their loans and they have the ability to lock interest rates for up to 15 20 years on land loans walters says. Low fixed rates for those with good credit and loan amounts up to 100 000.

Optionally a down payment in increments of 5 10 15 and 20 will each lower the interest rate by 1 point to a maximum low of 4 5. Variety of fixed rate periods and repayment plans. Rate subject to monthly repricing. Libor or prime based rates.

This is a tool to which they have a tremendous advantage over other lenders. Financing rural land has always been alabama ag credit s specialty. Shorter loan terms land loans typically have shorter and more restrictive repayment terms. We offer this flexible owner financing to make it easier for people to purchase land.

Higher interest rates again due to the high risk nature of land loans you should expect to receive a higher than average interest rate from your lender. Alabama farm credit offers a wide selection of interest rates and loan plans. Sweet grown alabama is a non profit foundation that enhances marketing opportunities for. Learn about land loans.

For those who wish to purchase 2 tracts a 5 down payment is required. Loan programs alabama farm credit 1 877 681 6087. The lowest rate is 4 5 with at least 20 down. Capital farm credit offices are operating on an appointment only basis to the public.

Whether you re looking to buy some land a country home or need financing for ag or farm purposes we have an experienced loan officer near you. Farm loans ranch loans country home loans crop insurance and recreational property loans. Libor or prime based rates. As an alabama ag credit borrower owner you not only get competitive interest rates upfront but also get back some of the interest on your loan when we distribute a patronage refund effectively lowering your borrowing costs.

If you re buying refinancing or improving land where you can farm enjoy the great outdoors or build a home we can help. Rate subject to monthly repricing or can be fixed.