One of the first things all lenders learn and use to make loan decisions are the “Five C's of Credit : Character, Conditions, Capital, Capacity, and Collateral."
Wanda Harris, a land loan officer with AgSouth Farm Credit and Taylor Jones, a home loan originator of AgSouth Mortgages, share some important considerations for those who have found land or are searching for land on which to build a home. They want you to know about your options so you can make the best decision for you and your family.
Land ownership becomes more and more attractive for some people. Finding the property and making it your own can sometimes pose challenges, however. We go over common property details and how it might affect your land loan when you’re searching for that perfect piece of land. We talk about land surveys, water tests, zoning requirements, and more.
So you want to buy land and build your dream home? There are a couple of different routes you can take in making this dream a reality. You can buy the land now and wait to build OR you can buy the land AND build the home at the same time. We go over each route and it's benefits.
What is your credit score made up of? we go over credit score factors, how much each factor attributes to your overall score, and tips you can use to ensure you have a healthy credit score for years to come.
Most people have heard of Extension, but may not know what services are offered and who can benefit from them. Extension Agents have been serving rural communities for over a hundred years, and their work is just as important now as it was then. Learn how you can use your local extension agent.
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