Search found 3 matches

by Arlo
Mon Feb 04, 2019 7:13 pm
Forum: Home Loan Forum
Topic: What do banks look for when assessing an acreage loan application?
Replies: 5
Views: 1256

Re: What do banks look for when assessing an acreage loan application?

I’m a little confused as to the differences between a commercial farm and a lifestyle block. How do I get approved for a hobby farm loan instead of a commercial loan?
by Arlo
Mon Feb 04, 2019 4:45 pm
Forum: Home Loan Forum
Topic: What do banks look for when assessing an acreage loan application?
Replies: 5
Views: 1256

Re: What do banks look for when assessing an acreage loan application?

The property is more of a lifestyle block that I plan to use as a primary residence. I have no intention of farming for commerce. What do banks look for in a residential acreage?
by Arlo
Mon Feb 04, 2019 2:46 pm
Forum: Home Loan Forum
Topic: What do banks look for when assessing an acreage loan application?
Replies: 5
Views: 1256

What do banks look for when assessing an acreage loan application?

First things first. Recently, I’ve been looking at a few rural properties and one has finally caught my eye. It is a 25-acre farmland with a three bedroom house on it and a beautiful natural bushland behind the property. It is currently on the market for $300,000. How much will the bank lend me?

Go to advanced search