![\"](\"https:\/\/potlatchdelticlandsales.com\/news\/wp-content\/uploads\/2014\/04\/COVER-STORY-Shea-Meadows-Bovill-ID-300x199.jpg\")
<\/a>Another option for recreational land buyers is to obtain a home equity line of credit. “There are several advantages to this type of financing,” says Rick Musick of United Country-Musick & Sons<\/a>, a Potlatch Preferred Broker in Idaho. “A home appraisal is much less expensive than a land appraisal, and you can write the interest paid on such a loan off your taxes.”<\/p>\n Something else to keep in mind as you consider your purchase is that rural land that has trees or that can support tree growth may be a better investment than other types of real estate. “There are tax advantages to purchasing timberland,” Musick says.<\/p>\n In northern Minnesota, much lending for recreational property is done by local credit unions. “They seem to have the best loan rates,” says Potlatch Preferred Broker Rod Osterloh of Close~Converse Properties<\/a>. “<\/b>Bank interest in land lending varies from bank to bank right now.”<\/p>\n In fact, “lending rates have been extremely favorable,” he says. “The affordability of land today is as good as I’ve seen it since the early 2000s.”<\/p>\n While Potlatch Preferred Brokers don’t recommend one type of financing over another, they can offer a valuable source of information as you consider your land purchase, and can connect you with the right folks to answer your financing questions.<\/p><\/body><\/html>\n","protected":false},"excerpt":{"rendered":" Often, one of the first questions to come up when folks consider a recreational property purchase is this: “Can I finance it?” Financing options depend on what area you’re in since financial institutions vary in their interest in making loans on land. For example, a number of conventional banks in Arkansas offer rural and timberland… more Buying Land: Can I Finance It?<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3,8,19,11,12],"tags":[26,30,193,194,28,52,90,88],"acf":[],"_links":{"self":[{"href":"https:\/\/potlatchdelticlandsales.com\/news\/wp-json\/wp\/v2\/posts\/677"}],"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=677"}],"version-history":[{"count":4,"href":"https:\/\/potlatchdelticlandsales.com\/news\/wp-json\/wp\/v2\/posts\/677\/revisions"}],"predecessor-version":[{"id":681,"href":"https:\/\/potlatchdelticlandsales.com\/news\/wp-json\/wp\/v2\/posts\/677\/revisions\/681"}],"wp:attachment":[{"href":"https:\/\/potlatchdelticlandsales.com\/news\/wp-json\/wp\/v2\/media?parent=677"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/potlatchdelticlandsales.com\/news\/wp-json\/wp\/v2\/categories?post=677"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/potlatchdelticlandsales.com\/news\/wp-json\/wp\/v2\/tags?post=677"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}