What kind of loan should I get for a farm?
I need a loan for a farm with a house. The farm business makes around $60k gross income annually. I don’t mind living in the farm if a lender requires it. The farm sells for $500k. What kind of loan should I get? How much do I put down? by dennis345 from Anderson, Alabama. May 2nd 2023
Joe Metzler (JoeMetzler)
#17 ranked lender in Minnesota - 4,848 contributions
Unlike regular homes, there is no standard loan for commercial property. Each individual bank / lender makes their own rules for this type of loan. I would usually direct you to a small bank or credit union near the property to inquire about this type of loan. I lend in FL, MN, IA, ND, and SD. Find me at SaintPaulMortgageBroker.com Cambria Mortgage, NMLS 274132
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