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Financing -- Loans/Expert Profile
Expertise
Questions regarding the financing or land values of farm, ranch, and recreational properties. Large working ranches to the small hunting property.
Experience in the area
Currently CEO of LandLoanSpecialists.com with 10 years of previous experience in the Farm Credit System as a VP of Credit. Experience as an appraiser of farm, ranch, and recreational properties.
Education/Credentials
Bachelors of Agricultural Economics from Oklahoma State University. Continuing education courses in ag finance and appraisals.
Awards and Honors
Top volume lender for the last 5 years in previous position.
Average Ratings
Recent Reviews from Users
K = Knowledgeability C = Clarity of Response P = Politeness| User | Date | K | C | P | Comments |
|---|---|---|---|---|---|
| Angel | 08/30/11 | 10 | 10 | 10 | Thank you very much for your prompt ..... |
| Andrew | 03/22/10 | 10 | 10 | 10 | |
| Betty | 10/26/09 | 10 | 10 | 10 | |
| hakan | 01/17/09 | 10 | 10 | 10 | great expert with good advice |
| hakan | 12/03/08 | 10 | 10 | 10 | thank you and thank you again. he ..... |
Recent Answers from JT Holt
2011-08-24 FHA - Farm Income/Loss:
David, I am not certain on FHA guidelines. However, my suggestion to you would be to survey out the home and 10 to 20 acres depending upon the maximum acreage that your home loan lender would allow and
2011-01-15 Loan Guarantor:
As a Guarantor your father has made himself personally liable for this loan. Should the primary borrower default on this loan the bank would have authority to pursue your father for whatever portion of
2011-01-15 acreage being tilled:
Not being a home loan lender I wouldn't believe that you would have problems with a home on 10 acres. Most secondary market home loans including FHA loans will finance a home with up to 10 or 15 acres
2010-09-26 Hard Money Lenders:
Rashad, On this size of transaction your best opportunity for financing is utilizing a local finance company or bank in the community where the property is located. Most hard money lenders we see are
2010-03-29 Equity line of credit:
In my opinion your best option to obtain a Revolving Line of Credit in which you can draw on and pay down as necessary would most likely be through a local Farm Credit organization there in your area.
Answers by Expert:
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