AboutJT Holt Expertise Questions regarding the financing or land values of farm, ranch, and recreational properties. Large working ranches to the small hunting property.
Experience Currently CEO of LandLoanSpecialists.com with 10 years of previous experience in the Farm Credit System as a VP of Credit. Experience as an appraiser of farm, ranch, and recreational properties.
Education/Credentials Bachelors of Agricultural Economics from Oklahoma State University. Continuing education courses in ag finance and appraisals.
Awards and Honors Top volume lender for the last 5 years in previous position.
Question What is the best way to finance 100 to 150 acres farm or ranch land in Texas. Is it better with a house or without. What is the longest period to get financing? What is the best rates now and how much down payment is required.
Thanks for your time
Answer Ronald, Obviously the answer is to finance it with our company! Visit: www.landloanspecialists.com No, in all seriousness this is our niche. Farm, ranch, and recreational real estate loans are all that we do. To answer your questions specifically the property having a home does not impact our rates or terms. We can finance these types of properties up to 30 years. However, it is my understanding that a lot of our competitors in TX are offering only products that have a balloon option at 5 or 10 years. Our loan products do not balloon. Short term interest rates have continued to decline and today we have a rate as low as 3.95%! In my entire career I never thought I would be able to tell a client I could loan them money under 4%. Typical down payment requirements are usually around 25% depending upon your overall financial position.
Feel free to visit our web site and call us anytime!
JT Holt
Land Loan Specialists.com
www.landloanspecialists.com
(580) 227-1234
