circlebllc wrote:No loopholes or hidden agendas. Some are afraid cause it's the government. We all pay for it, why not use it. Nothing hidden, all out front. The do seem to check on their collateral more than banks. One on site visit per year( up to), for land and operating loans. Can't beat 1.5% land loan. I have had very good luck and other assistance from them. You will hear lots of negative about it. A lot has to do with you local branch.
Santas and Duhram Reds wrote:My personal story several years ago was I was too wealthy and didn't need the assistance in their eyes. The regular banks would finance me so I didn't qualify. on the other hand FCS wouldn't approve me because i wasn't wealthy enough even though I had proof I could pay for the place not counting the income the place would make itself. So now I am stuck with a loan without a fixed rate which scares the dickens out of me.
jedstivers wrote:If you can stand the paper work then do it. Buy any land you can. Only thing is variable rate, never ever do variable. Take it from someone that survived the 80's.
if i were 10 years older id be deadJake wrote:ALACOWMAN wrote:wish i had bought during the 80's
be nice if I was ten years older, its amazing how much further my $$ would have gone.
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