Land Loans Solutions Exclusively for Active and Retired Military Service Members
By Amber Nestor - Real Estate Agent - Broker - Tennessee
If you are an active, or retired, good standing military service member, and you are interested in obtaining a land loan, please consider contacting:
Brady Nelms ( Extension 106) at 1(865)268-2997 to inquire about your options.
I talked with Mr. Nelms today about the Land Loan product he offers. Below is some general information based on my notes from my conversation with him. All details must be verified with the lender.
Things to know about their Land Loan product:
Member must be an Active or Retired Serviceman (or woman) in good standing. (Some situations might be able to benefit relatives of this person in some cases.)
Credit scores over 640, but preferably over 670, are potentially eligible for a land loan.
Approximately 10% down-payment.
Appraisal of the property will be required as part of the lending process, and appraised value will be compared to the purchase price in the offer.
Closing fees are paid separately, and are not rolled into the loaned amount.
Speaking with Mr. Nelms today was a wonderful experience, and I am excited to learn that there are more options for those who served to consider when purchasing, and financing, land to build, hunt, farm, or enjoy for whatever purpose.
Thank you for visiting, and I pray God blesses you with health, wealth, and wisdom.
Amber Nestor - Professional Real Estate Broker for TN