You should also know fairly certainly your plans for the land - are you planning to raise animals, or grow a crop or two? Having this information may help you confirm your choice of rural property and also ease your conversation with lenders. You may be able to get this information from the local council office, along with suggestions on the lenders you can approach. How do I apply for a hobby farm home loan?īefore you start meeting lenders or putting together a home loan application, you may want to confirm the zoning, land use, and proposed developments in the area you’re planning to buy a hobby farm. Any development that’s considered commercial, or violating zoning regulations, can be considered a breach of the loan agreement. But lenders will require some basic access infrastructure such as a dirt road, and utility connections for power, water, and sewage.Īlso, you may need to check with lenders about the kind of improvements you can make on the farm.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |