The information below was provided to me by Billy Curb, NMLS#1649965, with First Source Capital Mortgage, FSCAP# 217672. I’m providing this info because I feel it could help my buyer clients, especially since this lender offers 30 year loans on land and ranch properties. Contact Billy Curb at (254) 935-0475, or email Billy@fscap.com if you have any questions about this post.
Since 1993, FSCM has provided access to innovative financing for all types of realestate including typical residential homes, country homes with land, farm and ranch real estate, and commercial real estate. Including conventional residential financing, the following represents loans that we provide.
Country Estate Home Loans
This home and land program is for a primary residence on 5+ acres. The Country Estate Home Loan products are designed to provide alternatives to secondary market loans for families who prefer to buy land and live in homes in the country. Our extensive menu of home and land loan products feature long term fixed-rate financing for homes on acreage including other site improvements such as barns, livestock boarding facilities, fencing, guest homes, and barndominiums. The flyer addresses more details on this program.
Recreational Land Loans
The recreational land program is designed to provide both long term fixed rate mortgage loans to finance 60+ acres in the country, used primarily in recreational activities such as hunting, fishing, and for bovine and equine use, or any number of other uses. These loan products are for borrowers who are not planning to conduct full time farming or ranching operations, and who are not relying on income generated from the land to service the debt.
Our clients can secure a future lifetime of pleasure from owning land to hunt, fish, foster wildlife habitat, or to enjoy as a refuge from civilization with family or friends. Go to www.fscap.com or review the flyer for more details of this program, or call (888) 484-1256.
FSCM is a correspondent lender to investors who specialize in Freddie Mac multi-family loans. Freddie Mac multi-family programs assist to ensure an ample supply of affordable rental housing by purchasing and securitizing mortgages on apartment buildings nationwide.
The Freddie Mac multi-family program highlights are: acquisition, renovation, refinancing, new construction, non-recourse, highly competitive rates, flexible terms and prepayment options, streamlined process – faster closing times, interest only available, and up to 80% loan to value in certain areas. FSCM can finance multi-family loans in any state.
Farm & Ranch Loans
These products designed to meet the needs of today’s farmers, ranchers, and agri-businesses. Through relationships with institutional investors and other non-government investors, FSCM facilitates quick and easy one-stop access to loan programs at competitive rates for a variety of purposes. Loan products are available without prepayment penalties on fixed and variable rates and terms up to 30 years. FSCM offers options for borrowers who may not meet traditional lending standards of Farm Credit, Farmer Mac or local bank programs.
Program guidelines and qualifications may be found online at www.fscap.com, where you may also complete a loan application in a short amount of time.