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Bare Land Home Site and Recreational Land Loans

American Farm Mortgage offers loans for the purchase of bare land intended for the construction of a primary residence or second home.

Products available:

  • 5-year balloon (30-year amortization)
  • 10-year balloon (30-year amortization)
  • 10-year fixed (10-year amortization)

To qualify for a Home Site or Recreational Land Loan,

  • The maximum loan amount is $300,000 or less
  • Maximum loan-to-value is 85%
  • Property must be located in a rural area
  • Maximum acreage is 300
 

 

  
   
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