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Looking for a loan to build or turn a vintage barn into a house

I own forty acres of farm ground in Iowa and would borrow against it .Farm ground in my area going for over 20,000 an acre how big of a loan could I get and what would be the best kind of loan by bradleyalan70877 from , California. Aug 12th 2023 Reply

John Burke (jburke)
#27 ranked lender in Texas - 321 contributions

If you want to build, you'll need a construction loan. If you want to convert the barn, you'll likely need a renovation loan. | John Burke | Senior Mortgage Banker | Lending in ALL 50 states ||Stride Bank | | (877)228-9069 | NMLS# 787231 |

Aug 16th 2023
Joe Metzler (JoeMetzler)
#18 ranked lender in Minnesota - 4,843 contributions

Too many variables here, but typically at least 70% of the appraised value, and can go upwards from there. I lend in MN, WI, IA, CO, FL, ND, SD. | Cambria Mortgage | NMLS 274132 | | (651) 552-3681 |

Sep 27th 2023
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