Owning a farm doesn’t have to be a full-time job. In fact, most hobby farmers have a source of income separate from the farm, such as a non-farming job, a pension, retirement fund, or trust fund. A hobby farm is just that: a hobby.
If you’re interested in owning a hobby farm, consider a Rural Hobby Farm loan with a fixed interest rate from our partner, AgAmerica.net.
Qualifications for a Rural Hobby Farm Loan include:
- Minimum loan amount is $100,000, with a minimum of five acres. (No maximum acreage.)
- Maximum loan-to-value 80%, with a 680 credit score and no history of bankruptcy or foreclosures.
For more information about hobby farm loans, including complete eligibility requirements, contact us today.
