Bare Land/Lot FAQs

Can you do cash out refinances on bare land/lot loans? 

We can refinance rate and term refinance only on the bare land/lot loan program. 

What is your minimum credit score for your programs? 

Minimum credit score required is 620 for the bare land/lot loan program. 

What is your maximum loan to value on your programs? 

Maximum loan to value is 75% with a 25 year loan term 

What are your current interest rates? 

Please contact us for our current interest rates. 

What is your minimum loan amount? 

Our minimum loan amount is $50,000. 

How long do you have to build a residence? 

You must have the intent to build a single-family primary residence sometime during the life of the loan. 

Can you loan on a lot in a large city? 

The bare land/lot must be located in a rural area or town with a population of 2,500 or less. 

Can you loan on bare land/lots that will be used to build a second home? 

If you are currently a full-time farmer, we can loan on bare land/lots that will be used to build a second home.

Can bare land/lots be financed with the purpose of developing the property or using it for investment purposes? 

No, the intent for the property must be to build a single-family, primary residence on the property.

Does there have to be farming activity on the property? 

If the bare land/lot is valued at over $121,100, there must be the intent to build a single-family, primary residence as well as the intent to generate $500 of gross agricultural income per year. 

Is there a limit on acreage? 

There is no limit on acreage. 

Can the property be used for recreational purposes? 

Yes, only if there is the intent to build a single-family primary residence on the property. 

For More Information Contact:

Agri-One Financial
303-773-3545
steve@agrionefinancial.com

 

For More Information Contact:

Agri-One Financial
303-773-3545
steve@agrionefinancial.com

 

For More Information Contact:

Agri-One Financial
303-773-3545
steve@agrionefinancial.com