Farm Credit Mid-America
BDASI Member Details
At Farm Credit Mid-America, we understand and specialize in rural property. Completing your dream with new construction is exciting. We know you want a lender who understands when contractors and subcontractors need to be paid to keep things on schedule. Farm Credit will be there all the way, so when the job is done, all financial details are settled. Our construction financing provides a simple loan process, with flexibility to ensure your dream becomes a reality.
Savings with one loan process:
- Costly Private Mortgage Insurance (PMI) isn’t required
- Quick approval and loan closings with affordable payments
- Low variable rates during construction that can be converted to fixed rate after completion without refinancing
Additional value in Farm Credit construction loans:
- You have a full year to complete construction, allowing for weather and certain downtimes
- Financing added acres can be done as part of your project
- Financing available for conventional home, log homes, modular homes and post-beam constructed homes
- Equity in the lot you already own can be used as down payment for your construction loan
- Self-contracted projects are allowed.
Contacts: Katie Emily and Paul Meagher