private land with small airport/air strip and hangar
Recently got my pilot license, in January. I've been looking into airport properties in upstate NY. Do these types of properties/land/buildings/hangars require a specialty loan or lender? I will plan to use the airport (hangar) and strip for personal, not commercial, use. by paulv_flyes660 from Lagrangeville, New York. May 3rd 2019
Joe Metzler (JoeMetzler)
#17 ranked lender in Minnesota - 4,848 contributions
The quick answer is yes. This type of property will not conform to your standard homes loans, like Fannie Mae, Freddie Mac, FHA, VA, etc. Your best place to look for this type of loan will be your small neighborhood community bank or credit union.
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