I Want to Buy a Ranch - Ask Vinny

Dear Interested in Rural,

You would be surprised to know how few lending institutions will lend on these types of land assets. If you are working with a land broker, I would assume she or he would know where to start these conversations and with personal contacts within the agricultural lending world. Once you have established a relationship with a bank and have been able to review terms that I hope are favorable to your needs the lending process is no different than if you were to purchase a house. Tax returns/financial statements and all the typical documentation will be required. If you are wanting to finance we always recommend starting this process far before you find the right ranch to purchase. Seller financing can sometime be an option also, but we typically see them as a short term 3-5 year deals at a higher rate than most banks and a big balloon at the end of the loan.

Our expert brokers work as a team to provide exceptional customer service to clients coast to coast. To learn more about how you too can become a Fay Ranches agent, click the button below!