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Rural land loans Oregon.

 My wife and I are looking at purchasing a rural land (70 acres) which currently has an older manufactured home sitting on it. However, I would like to remove the manufactured home and replace it with a new construction home. Our household income exceeds USDA loan limits and the only other land/construction loan that I could found would require a 30% down. We have a decent down payment saved, but not 30% worth. Any advice on other loan programs that may work for our purchase? Would an FHA construction to perm loan work in this instance?

Thank you for any info.
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October 03 2013 - Bend
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this surely a tough situation..but the seller of the land also knows that.....so you might be able to work out some "pre purchase" issues to set you up for that permanent construction loan....for more info do not hesitate to contact me.....one other hurdle will be are there similar 70 acre parcels near you??
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March 03
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I'd suggest reaching out to a lender in our directory for more advice. Here is a general education article about land loans
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February 27
 
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Rural land loans Oregon.
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Latest answer by randy drzewicki
March 03 | 2 answers
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