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West Tennessee | Anything is possible. Sometimes you have to get creative and have a banker who will work with you. Having the banker who will work with you like Ernie's did is probably as important as being determined to make it work. One way to make it happen is to borrow the down payment some other way. There are many ways to do this but 99% would not be NAT approved but it's worked for me many times to get the deal done when it otherwise wouldn't have. I've pretty much bought everything I own in some form or fashion with borrowed money. Rarely was there ever just cash "sitting around" to pay the down payment. Just because you don't have the down payment in cash doesn't mean the deal won't work in spite of what you'll be told on here.
Should you buy this farm at all is a decision only you can make. Then you can figure out how to make the financing happen. | |
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Farm ownership loans.
