- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Loan for land purchase only
Posted on 5/3/26 at 7:34 pm
Posted on 5/3/26 at 7:34 pm
Looking at buying some land for a future homesite. Probably won’t build for a few years. Located outside Birmingham. Anyone got any recommendations on who to go thru for the loan? I know some places won’t loan you anything without building within a year.
7
Posted on 5/3/26 at 8:47 pm to AUVet21
No help on your question, but my husband & I were there this weekend…such a beautiful area!
Posted on 5/3/26 at 11:28 pm to AUVet21
Hopefully it is my land outside Birmingham I have listed on Zillow. I’ll give you a good deal on it. LOL
Edit - My land loan balance is with Servis First
Edit - My land loan balance is with Servis First
This post was edited on 5/4/26 at 1:01 am
Posted on 5/4/26 at 6:30 am to Ramblin Wreck
What suburb? We are looking at some in Helena
Posted on 5/4/26 at 7:01 am to AUVet21
quote:
What suburb?
I have a large tract in Trussville. There are a lot of great areas around Birmingham to choose from. Those photos are of what I am selling. My property extends to the top of the next mountain in the distance.
This post was edited on 5/4/26 at 1:01 pm
Posted on 5/4/26 at 8:17 am to AUVet21
Find the farm credit office in the area. You usually pay in 1000 to become a member. They return all profits back to the members yearly as a patronage check. Mine usually averages about 24 percent of the interest paid for the year. They looks at things differently then a normal bank because they deal with farm loans.
Posted on 5/4/26 at 10:38 am to AUVet21
I 2nd First South Farm Credit. They were easy to work with and had great rates when I closed on my homestead property 2 years ago.
Like the other guy said, 1000 fee to join, but you get patronage fee yearly and usually equals to about 1% of the loan.
Like the other guy said, 1000 fee to join, but you get patronage fee yearly and usually equals to about 1% of the loan.
Posted on 5/4/26 at 12:12 pm to ThatsAFactJack
I can't find any advertised rates. How low are the rates from First South Farm Credit?
If you have ample taxable brokerage assets for collateral, the best loan rates I've found are pledged asset line of credit/margin loan. Plus, I don't even have to make payments just let interest accrue as portfolio grows.
If you have ample taxable brokerage assets for collateral, the best loan rates I've found are pledged asset line of credit/margin loan. Plus, I don't even have to make payments just let interest accrue as portfolio grows.
This post was edited on 5/4/26 at 12:14 pm
Posted on 5/4/26 at 3:40 pm to TorchtheFlyingTiger
call them for current rates. I closed in May 2024 and rate was 8.3% with 20% down.
Posted on 5/4/26 at 4:48 pm to ThatsAFactJack
For comparison my pledged asset line is currently 5.21% variable (SOFR +1.55%)
Interactive Brokers usually has even better advertised rates.
Something to consider.if you have investments to borrow against. Plus, you can keep capital fully invested instead of tied up as equity for 20% down payment.
Interactive Brokers usually has even better advertised rates.
Something to consider.if you have investments to borrow against. Plus, you can keep capital fully invested instead of tied up as equity for 20% down payment.
Posted on 5/4/26 at 4:59 pm to AUVet21
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News