Have you found the perfect place in the country to call home? If you are ready to escape to the country to build or buy a home on acreage, ArborOne can help!
We offer loans at competitive rates and flexible terms for:
- Home Construction and Improvements
- Homes with Acreage
- Long Term Financing up to 30 Years
Maybe you aren’t quite ready to start building, but you have the perfect spot picked out. ArborOne offers loans for rural lots and a streamlined process to home construction.
- Outside of city limits, or in a town with a population of 2,500 or less
- Rates may be fixed up to 10 years
- Up to 85% financing available.
- What does subprime mean?
Recent news coverage has talked a great deal about the subprime crisis. What subprime means, essentially, is that lenders are giving mortgages to borrowers who do not qualify for the best rates due to bad credit history.
This poses a problem for lenders and borrowers, as rates tend to be extremely high, and the proportion of defaults even higher. Subprime loans can lead to foreclosure, which has happened to hundreds of thousands of borrowers in the last few years. Though some view the practice as a second chance to help borrowers build their credit, recent trends have indicated that the risks far outweigh the benefits.
- Does ArborOne provide subprime loans?
ArborOne does not offer subprime loans. Our rates are competitive for those who qualify.
ArborOne Farm Credit is an Equal Housing Lender. NMLS #449370