How Can I Get A Farm Loan With No Down Payment. Farm loan requirements minimum credit score: For example, if a farmer needs $350,000 to finance the building of a barn and grain silo, he’ll still be able to acquire another $150,000 to purchase a plow or other equipment for his fields or livestock.
You may be able to roll your closing costs into your loan. How to get a farm loan with no down payment today! The maximum loan amount for a direct farm ownership loan is $600,000.
You may be able to get a loan with a credit score as low as 500 points if you can.
Basic qualifications under both the full time farm loan program and the part time farm loan program. Obtaining a business loan with no money down can prove difficult because it doesn’t offer a lender as much protection on their investment. Some property owners are willing to enter into private contracts with new farmers to sell land and other assets. Here is a quick list of the additional factors that determine your down payment: