their crops and ultimately grow their business.
How to Finance a Land Purchase Now that you know what a traditional lender will offer, it s important to know other options you have available to finally make your purchase. First and foremost, the loans above will require a 20% – 50% down payment.
In most situations, an agricultural mortgage is directly related to the purchase of a farm. But increasingly, these loans can be made to purchase residential and other properties in rural areas.
F & M Community Bank is proud to serve as a lending partner for local farmers. From providing financing to purchase new equipment and livestock, to expansion .
If the equipment, land or overall means to run the farm are present but you have a 20% deposit (you’re only borrowing 80% of the purchase price), a lender may still approve your