Garrett: There often can be ways to do that. As a hypothetical example, let’s say someone is getting an $80,000 property and they say they can put half down, $40,000. We may work it out where they keep $20,000 of that to put into improvements that will increase the value of the property.<\/div>\n<\/blockquote>\n

Q: What kind of rate can I expect to pay?<\/div>\n

\n
Garrett: That will depend on the quality of your credit, and how much you put down.<\/div>\n<\/blockquote>\n
Q: Is the loan process complicated for financing a recreational property?<\/div>\n
\n
Garrett: It’s not a complicated process. One thing that can help it go very smoothly is to get a letter of credit from a lender before you pick out a property. This ties into how it’s a good idea to talk to the lender before you get too far down the road on buying a property.<\/div>\n<\/blockquote>\n
\n
\nThis can be very helpful. For example, you may think you need to pay something else off before you buy a property to help your credit situation, when it may be better to put that money into a down payment on the property.\n
The PotlatchDeltic Preferred Broker in your area<\/a> can recommend quality lending options for you to consider as you start the process of getting your dream property.<\/p><\/div>\n<\/div>\n<\/div>\n
\n
<\/div>\n
$\"\"$ <\/a>Garrett and his team of lenders is ready to help PotlatchDeltic buyers in Idaho. Interested buyers who want to get pre-financed can call Teresa Childs at Freedom Northwest Credit Union at 866-687-5228.<\/em><\/div>\n<\/div>\n<\/div><\/body><\/html>\n","protected":false},"excerpt":{"rendered":"For many buyers, getting financing for their recreational property purchase makes a lot of sense. “Some buyers don’t want to tie up too much money in a property right away,” says Scott Garrett, CEO of Freedom Northwest Credit Union, which has provided financing for a number of PotlatchDeltic property buyers in Idaho. “And for many… more Financing Options for Rural Land Purchases<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[8,19,12],"tags":[460,577,578,412,21,529,579],"acf":[],"_links":{"self":[{"href":"https:\/\/potlatchdelticlandsales.com\/news\/wp-json\/wp\/v2\/posts\/2015"}],"collection":[{"href":"https:\/\/potlatchdelticlandsales.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/potlatchdelticlandsales.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/potlatchdelticlandsales.com\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/potlatchdelticlandsales.com\/news\/wp-json\/wp\/v2\/comments?post=2015"}],"version-history":[{"count":6,"href":"https:\/\/potlatchdelticlandsales.com\/news\/wp-json\/wp\/v2\/posts\/2015\/revisions"}],"predecessor-version":[{"id":2023,"href":"https:\/\/potlatchdelticlandsales.com\/news\/wp-json\/wp\/v2\/posts\/2015\/revisions\/2023"}],"wp:attachment":[{"href":"https:\/\/potlatchdelticlandsales.com\/news\/wp-json\/wp\/v2\/media?parent=2015"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/potlatchdelticlandsales.com\/news\/wp-json\/wp\/v2\/categories?post=2015"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/potlatchdelticlandsales.com\/news\/wp-json\/wp\/v2\/tags?post=2015"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}