From: "Jim Webster" 
Newsgroups: misc.invest.real-estate misc.rural sci.agriculture
Subject: Re: How is Farm Real Estate Usually Financed?
Date: Tue, 28 Dec 2004 10:40:07 -0000


"Larry Caldwell"  wrote in message
news:MPG.1c39d1a4a2811daf98b3ec@news.west.earthlink.net...
> In article , grobe@netins.net
> (Jonathan Grobe) says...
>
> > Any information on this topic? How much money do you need to
> > put down as a down payment...
>
> That varies a lot, depending on economic conditions.  Right now there is
> still a lot of mortgage money available, and investors are looking for a
> place to put it.  Go to a mortgage broker or two and see what they can
> come up with.  If you aren't ready to borrow, don't actually apply for a
> mortgage.  They will have to run your credit, and just that act drops
> your credit rating.
>
> Traditionally, lenders have required a huge down payment or other assets
> that can be mortgaged to loan on bare land.
>

that is probably a US perspective, in the UK where there is a lot less land
there isn't the same need for the large deposit

Jim Webster