Question:
“I’m looking at a ‘fixer-upper’ farmhouse on 60 acres. Most traditional banks won’t touch a home on this much acreage. Does FCS Financial have a way to bundle the purchase and the renovation into one loan?”
Curtis Fischer
Vice President, Ag & Rural Lending
đź“Ť Jefferson City Branch
Yes, FCS Financial can definitely help! We offer a “one time close” real estate loan that would include funds for purchasing the property as well as the future construction project (whether home improvements or even land improvements).
Prepare Your Construction Plans
In addition to the typical application and financial information needed at application time, please also provide as much information as you can regarding your construction plans (estimated cost, copies of bids, construction timeframe, etc.) to help your loan officer structure a loan amount, construction period length, and payment due dates that match your needs.
Ongoing Project Support
Depending on the size and complexity of the project, FCS Financial can often pay your construction invoices and help provide other services such as construction visits and lien waivers to help protect your investment.
Ready to Bring Your Rural Dream Home to Life?
Our lending team specializes in financing rural acreage and construction projects that traditional banks won't touch. Let’s build your legacy together.
