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First Time Land Buyer. A good loan officer will ask you lots of questions about your particular situation, in order to find the best option for your land. A real estate agent whose focus is on selling and buying acreage and lots will lead you to.
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If things get challenging, you may always opt to consult with a real estate agent or broker to help you with the process. First off, make sure you work with lenders that understand and no land funding. In this post we’ll look at some of the top things to consider when buying land for the first time.
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Young, beginning and small farmers and ranchers (ybs) refinancing loans; That plot of land that’s right for you can be yours if you work with the professionals. Buying vacant land is very exciting, but one mistake could take the wind right out of your sails. Good lenders will structure payments based on the buyer and may collect payments quarterly or even annually depending on the usage of the land.