If you are thinking about owning a North Carolina horse farm, you will need to do a bit of financial planning. There are loans available for horse farms of all sizes, however if you want a farm with more than ten acres, you will need to find a lender that works regularly with country properties.
With less than ten acres, financing is pretty normal if the land is only about 30% of the total property value. Another criteria is that the surrounding properties are similarly sized properties. (If you have a horse farm on nine acres, but it is surrounded by subdivisions with half acre lots and homes on them, the bank may disapprove the loan.)
If you are looking for a North Carolina horse farm with large acreage, then talk with a lender when you start the search, so you can know your financing possibilities and down payment requirements up front. Much better to have all your ducks in a row when you find that dream farm.
If you need help finding a lender, don't hesitate to call. I have several I can recommend.
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