For our home loan, we are going through the USDA directly, so it's a little different process. We have a guaranteed loan amount that is valid until 9/15 to enter into a purchase contract (can get extensions up to a maximum of 60 days). It's a different style of financing, but I can get a good amount of land (if it's on the market) with nothing down, have an extended term loan (33 years) to drop the payment slightly, avoid having a PMI payment, and it's a 3.75% interest rate. I could see this being a pain in the rear for your average joe, but I have an ace up my sleeve. It's amazing how when you do building maintenance for the top 10 realtors in the area for 6 years, including fixing issues such as eliminating the water issues in their own private residence basements, how they will remember you years later and fight to be the realtor you work with. We picked one to work with, we're meeting with her this afternoon. Now, with a quarter mil loan, the question is, how big is the shop going to be?