Ranches for Sale in Oregon—Different Types of Loans You Can Take Out

Securing a home loan is no small feat, but getting a loan for a ranch can be an adventure in itself. If you're considering looking at ranches for sale in Oregon, knowing about the loan options available to you will make the entire process much easier. Down Payment Loan Assistance A lot of potential ranch owners aren't able to afford the initial down payment, but there are programs available for them. The Farm Service Agency (FSA) has a down payment loan for the ""beginning farmer"" in an amount up to 40 percent of the ranch's purchase price or its appraised value. The loan must be repaid, and the terms give buyers a 4 percent interest rate for 15 years. Buyers have to have an additional 10 percent of the ranch's purchase price (in cash) as their down payment. The purchase price can't go above $250,000. With another FSA down payment program, buyers must have a cash down payment of at least 5 percent of the land's purchase price.
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