msauer933
Active Member
I may have the opportunity to buy a 60 acre piece of ground that I currently hunt on now. If it works in our "life plan" it would coincide with when we are looking to sell our current home and move to the country.
This ground is probably 40 timber and 20 ish crp now. How do banks look at buying a piece of land for just recreation vs buying the same land and immediately building a primary residence on it? Does the interest rate and down payment requirements change with the addition of the home?
Any insight would be helpful.
Thanks
This ground is probably 40 timber and 20 ish crp now. How do banks look at buying a piece of land for just recreation vs buying the same land and immediately building a primary residence on it? Does the interest rate and down payment requirements change with the addition of the home?
Any insight would be helpful.
Thanks