Refinancing Loan with Agriculture Exemption

A borrower living on a 10-acre property with a good credit score, loan-to-value below 50% and good reserves wants to do a refinance. But the problem is that all lots in this subdivision have agriculture on them, even though this property has no active agriculture. The poster said the property owner does not want to lose their agriculture exemption since it allows them to save on their real estate taxes. See what offers were presented to this owner at http://bit.ly/YESR89.

Processing Content

For reprint and licensing requests for this article, click here.
Originations
MORE FROM NATIONAL MORTGAGE NEWS
Load More