No, appraisal is almost always paid by the buyer. However, everything is negotiable. But if it doesn't appraise, then you have a whole other problem to deal with than who should pay for the appraisal. Seller may choose to not drop the price to the appraised value, and you may be forced to terminate (if you can't come up with the difference yourself).... more
There are many different aspects to a Farm and Ranch loan. There are loans that meet the financing needs of both full and part-time farmers and ranchers. Long-term mortgage loans are available for land purchases and refinances. There are banks that finance farm and ranch improvement projects like irrigation and land clearing and leveling. They can also provide financing for both new and used machinery and equipment purchases, livestock purchases, barn construction, poultry facilities, and on-site grain storage facilities.
In terms of the amount of money you need down is not as black and white as you think. Your best bet would be to contact a financial institution that specializes in these types of loans. Here are a few to start with....
Janus Mortgage @ 888-249-0777 (Littleton, CO)
Montana Financial Department of Agriculture
PO Box 200201
Helena, Montana 59620-0201
(406) 444-2402... more
First, any bankruptcy must be "discharged" by the court. You also cannot be in any "Credit Counseling" or other programs that take over your finances. The lender is looking to meet several criteria. Debt to Income ratio, Stability and time on the job. Money in the Bank and bounced check history.Any Retirement or 401 K assets. In America money solves all problems. A big down payment means business.... more