- Barndominiums or Barn Homes, Shouses or Shop Homes (Shomes) are their specialty.
- Homes that look like a Barn Home deserve the same fixed interest rate mortgage as any other construction type.
- Peace of mind to have a permanent fixed rate mortgage commitment in place while building.
- A construction loan with the lowest down payment available; 10% down payment.
- A construction lender that allows the client to be their own General Contractor or do a portion of the work themselves.
- A lender that specializes in construction lending completing nearly 1,000 construction mortgages.
- A lender who will listen to client needs and lead the client through the lending process.
- A lender that allows Lot or land size up to 160 acres and the equity counts the same as cash.
- Short term loans to acquire Land build sheds then include the debt in the construction mortgage. All your construction expenses may be included.
- A lender who helps the not so perfect become eligible with kindness.
Members love Farm Credit construction loans because they wrap the construction loan and final permanent mortgage into one easy closing - saving you time and money! At Farm Credit, you can also lock in a single, long-term fixed interest rate for both your home and land – all in one mortgage!
Who qualifies:
Rural Residents - Home located in a town with less than 2,500 in population, a rural subdivision, or on less than five acres, with no ability to generate $500 gross farm income.
Farmers - Gross farm income of $500 or enough land to produce $500 in farm income annually.
Program Benefits:
Home construction loans remain in-house. We never sell loans to the secondary market. This means you'll always do business with your local Farm Credit office.
Please contact Jim MacDonald at American Capital Corporation.
1-800-731-0320 ext 101
Please fax the document to (888) 383-5802 or click here to attach and submit via email.
We also offer financing with SunTrust. Contact us for more information!
