Financing in Fort Worth>Question Details

Jackie Rankin, Real Estate Pro in Fort Worth, TX

Does anyone have a good source for financing on raw land? Thanks!!

Asked by Jackie Rankin, Fort Worth, TX Wed Aug 24, 2011

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BEST ANSWER
You can try these: Bill.Page@AgTexas.com Bill page 903-641-6333 (cell), or

Linda Herd, Sr. Loan Processor/Credit Officer Texas Land Bank, ACA P.O. Box 357 219 East Franklin St. Hillsboro, TX 76645 (254) 582-3601 lherd@texaslandbank.com

These are a couple of people I have spoken to this year about land loans. My client ended up with his own personal bank in the end, but both of these banks specialize with land.

Good luck!
1 vote Thank Flag Link Wed Aug 24, 2011
Try SouthSide Bank. They are a TX based bank out of Tyler with locations in Fort Worth and Arlington. My contact there is Brian Riera. 817.223.8075
1 vote Thank Flag Link Wed Aug 24, 2011
Try SouthSide Bank. They are a TX based bank out of Tyler with locations in Fort Worth and Arlington. My contact there is Brian Riera. 817.223.8075
1 vote Thank Flag Link Wed Aug 24, 2011
I have found that if it has no improvements on it (buildings) it is difficult to get financing on over 10 acres. On 10 acres and under, you can try EECU Credit Union, they sometimes will finance.


Barbara Bryan - Broker
B.Bryan Realty
214-226-6515
1 vote Thank Flag Link Wed Aug 24, 2011
look for property were the seller will offer financing.
0 votes Thank Flag Link Wed Aug 24, 2011
So great to hear. It is tough to find land loans unless you know the right people...good luck!
0 votes Thank Flag Link Wed Aug 24, 2011
Thanks everyone for all of your help! Mindy, Texas Land Bank is going to work with my client! It's so wonderful to work with such a great network of professionals!


Jackie
0 votes Thank Flag Link Wed Aug 24, 2011
It depends on purchase amount try local lender

Lynn911 Dallas Realtor & Consultant, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
972-699-9111
http://www.lynn911.com
0 votes Thank Flag Link Wed Aug 24, 2011
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