 | | From: | Jonathan Grobe | | Subject: | How is Farm Real Estate Usually Financed? | | Date: | Mon, 27 Dec 2004 09:09:10 +0000 (UTC) |
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 | Any information on this topic? How much money do you need to
put down as a down payment...
--
Jonathan Grobe Books
Browse our inventory of thousands of used books at:
http://www.grobebooks.com
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| | From: | Jim Webster | | Subject: | Re: How is Farm Real Estate Usually Financed? | | Date: | Mon, 27 Dec 2004 10:15:50 -0000 |
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"Jonathan Grobe" wrote in message
news:slrncsvk9m.jfc.grobe@worf.netins.net...
> Any information on this topic? How much money do you need to
> put down as a down payment...
>
I suspect that this depends where are you, in the UK it may be a straight
bank loan or a mortgage. Often this will be for 100% if the value of the
land, as the buyer will often need money for stock, equipment etc.
Mind you I have known cases where the buyer paid cash for it. Certainly this
will be true of the smaller parcels.
Jim Webster
> --
> Jonathan Grobe Books
> Browse our inventory of thousands of used books at:
> http://www.grobebooks.com
>
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| | From: | Larry Caldwell | | Subject: | Re: How is Farm Real Estate Usually Financed? | | Date: | Mon, 27 Dec 2004 16:02:19 GMT |
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| In article , grobe@netins.net
(Jonathan Grobe) says...
> Any information on this topic? How much money do you need to
> put down as a down payment...
That varies a lot, depending on economic conditions. Right now there is
still a lot of mortgage money available, and investors are looking for a
place to put it. Go to a mortgage broker or two and see what they can
come up with. If you aren't ready to borrow, don't actually apply for a
mortgage. They will have to run your credit, and just that act drops
your credit rating.
Traditionally, lenders have required a huge down payment or other assets
that can be mortgaged to loan on bare land.
--
http://home.teleport.com/~larryc
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| | From: | Dean Hoffman | | Subject: | Re: How is Farm Real Estate Usually Financed? | | Date: | Mon, 27 Dec 2004 16:07:29 -0600 |
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| On 12/27/04 10:02 AM, in article
MPG.1c39d1a4a2811daf98b3ec@news.west.earthlink.net, "Larry Caldwell"
wrote:
> In article , grobe@netins.net
> (Jonathan Grobe) says...
>
>> Any information on this topic? How much money do you need to
>> put down as a down payment...
>
> That varies a lot, depending on economic conditions. Right now there is
> still a lot of mortgage money available, and investors are looking for a
> place to put it. Go to a mortgage broker or two and see what they can
> come up with. If you aren't ready to borrow, don't actually apply for a
> mortgage. They will have to run your credit, and just that act drops
> your credit rating.
>
> Traditionally, lenders have required a huge down payment or other assets
> that can be mortgaged to loan on bare land.
Are the Federal Land Bank and FmHA still in business?
There is some information here at the USDA website:
http://www.usda.gov/wps/portal/!ut/p/_s.7_0_A/7_0_1OB?navid=FARM_LOANS&paren
tnav=AGRICULTURE&navtype=RT
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| | From: | Jim Webster | | Subject: | Re: How is Farm Real Estate Usually Financed? | | Date: | Tue, 28 Dec 2004 10:40:07 -0000 |
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"Larry Caldwell" wrote in message
news:MPG.1c39d1a4a2811daf98b3ec@news.west.earthlink.net...
> In article , grobe@netins.net
> (Jonathan Grobe) says...
>
> > Any information on this topic? How much money do you need to
> > put down as a down payment...
>
> That varies a lot, depending on economic conditions. Right now there is
> still a lot of mortgage money available, and investors are looking for a
> place to put it. Go to a mortgage broker or two and see what they can
> come up with. If you aren't ready to borrow, don't actually apply for a
> mortgage. They will have to run your credit, and just that act drops
> your credit rating.
>
> Traditionally, lenders have required a huge down payment or other assets
> that can be mortgaged to loan on bare land.
>
that is probably a US perspective, in the UK where there is a lot less land
there isn't the same need for the large deposit
Jim Webster
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| | From: | JRF30 | | Subject: | Re: How is Farm Real Estate Usually Financed? | | Date: | 27 Dec 2004 14:39:59 GMT |
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| >How much money do you need to
>put down as a down payment..
IT depends on many factors. Talk tot he FSA if you are in the USA.
JOhn
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| | From: | Fred Winters | | Subject: | Re: How is Farm Real Estate Usually Financed? | | Date: | Tue, 28 Dec 2004 10:55:46 GMT |
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| If you are in the US, the best way is to contact the nearest Farm Credit
Bank. Their main purpose in life is to lend money to farmers. Check out this
web site:
http://www.farmcredit.com/index.html
"Jonathan Grobe" wrote in message
news:slrncsvk9m.jfc.grobe@worf.netins.net...
> Any information on this topic? How much money do you need to
> put down as a down payment...
>
>
> --
> Jonathan Grobe Books
> Browse our inventory of thousands of used books at:
> http://www.grobebooks.com
>
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| | From: | Larry Caldwell | | Subject: | Re: How is Farm Real Estate Usually Financed? | | Date: | Wed, 29 Dec 2004 02:44:44 GMT |
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| In article ,
fwinters@worldnet.att.net (Fred Winters) says...
> If you are in the US, the best way is to contact the nearest Farm Credit
> Bank. Their main purpose in life is to lend money to farmers. Check out this
> web site:
>
> http://www.farmcredit.com/index.html
From the way he phrased the question, I don't think Jonathan is a
farmer. I'm not sure he wants to be one, either, since he didn't ask
how to get started farming. I think he just wants to buy some bare land
for some reason.
--
http://home.teleport.com/~larryc
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