Looking for a loan to build or turn a vintage barn into a house
I own forty acres of farm ground in Iowa and would borrow against it .Farm ground in my area going for over 20,000 an acre how big of a loan could I get and what would be the best kind of loan by bradleyalan70877 from , California. Aug 12th 2023
John Burke (jburke)
#27 ranked lender in Texas - 321 contributions
If you want to build, you'll need a construction loan. If you want to convert the barn, you'll likely need a renovation loan. | John Burke | Senior Mortgage Banker | Lending in ALL 50 states | www.yourtexasmortgagelender.com|Stride Bank | jburke@stridebank.com | (877)228-9069 | NMLS# 787231 |
Joe Metzler (JoeMetzler)
#17 ranked lender in Minnesota - 4,843 contributions
Too many variables here, but typically at least 70% of the appraised value, and can go upwards from there. I lend in MN, WI, IA, CO, FL, ND, SD. | Cambria Mortgage | NMLS 274132 | JoeMetzler.com | (651) 552-3681 |
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