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Members may finance the purchase of undeveloped property or borrow money on already owned undeveloped property. Undeveloped land would be property that does not; (1) Have a completed building on the property suitable for occupancy, (2) Have a public water supply or approved well, (3) Have normal utilities used by other dwellings in area, (4) Contain less than one acre unless the property is located in an approved subdivision. Financing amounts are up to 80% of the appraised value with terms up to 12 years.
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