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Financing Land
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<blockquote data-quote="MShaffer" data-source="post: 506101" data-attributes="member: 7862"><p>We ran into the same situation, our bank could not finance 60 acres. Our banker suggested splitting the property with into 2 deeds. He could then finance the smaller section with the house and buildings. The way our property laid, we could not split it and get the house on a small enough lot.</p><p></p><p>We ended up at Farm Credit paying 1/2 % higher then our bank. This was almost two years ago.</p><p></p><p>Mike</p></blockquote><p></p>
[QUOTE="MShaffer, post: 506101, member: 7862"] We ran into the same situation, our bank could not finance 60 acres. Our banker suggested splitting the property with into 2 deeds. He could then finance the smaller section with the house and buildings. The way our property laid, we could not split it and get the house on a small enough lot. We ended up at Farm Credit paying 1/2 % higher then our bank. This was almost two years ago. Mike [/QUOTE]
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