We had our house and 5 acres divided from the other 35 acres . Something would have happened and we couldn't pay house note the property we payed cash for was ours. The house and 5 acres we payed off 13 years ago so we good. Retirement next.

Thanks for all the advice guys. I just turned 35 been married and divorced won’t do that again no kids. I sold my first home I bought when I was 21. Im tryin to stay debt free as possible witn this new land and house build I know that’s a hard thing to do but as long as my debt is not to big I’ll be fine

Most of the time the lender wants to be involved from the get go. In other words don't get half way there with your money than try to bring a lender in the mix. My brother got in that predicament. Even though he had right at half of the total house build paid for they balked at his first attempt of lending due to not knowing the construction was done correctly.

That’s another issue I’m concerned with. I want to build 90 percent of it myself have tons of buddies in the construction feild form dirt work to trim carpenters. I’ve worked with all of them so we were going to try do most of the building. If I’m goin pay someone for something I’d rather pay a friend and help as well

I’d borrow the money to buy a portable sawmill and a lull if you’re gonna build 90% of it yourself.

I went with alabama farm credit...pretty much did what your talking about except I didn't do anything other than dirt work. They'll want a contractor in charge but if u trust everyone or its yourself just contracting it'll be ok...just name someone anyway...I built 5 years ago and the rates are good along with dividend every year....

Jb20 what did u build?

Not sure what your asking, but I built a house

It’s hard to get a home loan if there’s 10 or more acres to go with it. Here’s what I’d do:

Loan #1: land loan for 15 acres. 15% down payment
Loan #2: home loan for house and 1 acre. Put down as much money as possible on this one and try to go with a 15 year mortgage instead of a 30 year if you can swing it

Go see Cullman Savings Bank we’ve used them for land, farm, and building. There pretty creative folks.

Yea jb was asking if u built a traditional home or a post frame shop house and thank you ol’tom

I haven’t ever built a home but ya the idea of putting the home on a different acre makes a lot of sense to me.