My Mom passed away recently leaving the family farm intact.

As executor, I have sold her house and some of the acerage to appease other heirs.

However, we have left a 150 acres parel that my wife and I are considering purchasing.

If it were a conventional mortgage, we would qualify for the loan ($200,000 loan with a $250,000 appraised value on the land. LTV 80%). However, as raw land. Conventional mortgage lenders won't touch it (unless we build, which we don't want to do yet).

Is there a market for this sort of loan out there?

If the farm is a working farm or gentleman's farm you may be able to get agricultural financing to 80%.

If not then it will be treated as raw land with a max loan amount of 50-60% of the appraised value. Look to a local bank if it is not being farmed.