Hobby Farm Loans
Canter Mortgage excels where others fall short. While most competitors impose strict limitations on hobby farm loans, we have redefined this concept, crafting a personalized product that grants you unparalleled freedom and flexibility.
When you get a hobby farm loan from Canter Mortgage, you're getting a loan designed for borrowers with innovative project ideas in mind. We back these ventures with fixed-rate terms and no penalties for early repayment!
Program Highlights
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Home with up to 160 acres (more allowed on a case-by-case basis)
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Ag-Exempt Properties
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Loans up to $2 million and Schedule F (Farm) income allowed
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Purchase, rate/term and cash-out refinances to pay off debt, home or land improvements, or cash in hand
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Consolidate land and construction loans in to permanent mortgage loan
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Primary homes or second homes
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Land value can exceed 30% of appraised value (other lenders don’t allow this).
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Dwelling value only requires to be 25% of value (lower allowed on a case-by-case basis)
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Multiple parcels allowed and parcels within reasonable proximity of each other (combine properties)
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Farming and farm income allowed, if not sole income
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Horse facility with indoor/outdoor arena and no limitation on horse stables
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50 heads of livestock or less are acceptable
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Shed homes, Barndominium with typical living quarters, log homes and multiple homes allowed on property
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Fixed 15 and 30-year terms
Explore your opportunities
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Making an income from your hobby farming
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Housing up to 50 heads of livestock on the land
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Owning multiple parcels of land and parcels within reasonable proximity of each other (you can combine these properties)
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Explore loans up to $2 million with Schedule F (Farm) income allowed
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And more
Our hobby farm loans mark just the initial step in a myriad of opportunities awaiting you. Crafted with your ambitions at heart, these loans can act as a launching pad for embarking on a farming apprenticeship or establishing an additional revenue stream for further growth.
Putting passion as a priority.
Canter Mortgage recognizes you have a vision for your hobby farm, we aim to turn that vision into a tangible reality. With our hobby farm loans, you can harness the potential for success by while maintaining the freedom and autonomy to oversee your hobby farm in a manner that best suits you. Eager to proceed? Contact us regarding our hobby farm loans, and we'll collaborate to tailor the ideal solution for your requirements.
Helping You Home
At Canter Mortgage, our commitment lies in discovering the best solution to help you home. Allow us to help you navigate through the process by Applying Today