If you're looking to purchase vacant land in Florida, you'll likely need to explore getting a land loan. Land loans work a bit differently than traditional mortgage loans for purchasing an existing home. Here's an overview of how the land loan process typically works in Florida:
Are you dreaming of buying rural land to build your dream home on? If you are beginning to shop for land, then setting a budget and getting pre-approved for financing are crucial first steps. Farm Credit of Central Florida offers specialized lending solutions to future rural homeowners, and getting pre-approved can give you a significant advantage in today's competitive market.
Whether you've acquired 5 acres or 500, transforming raw land into a productive property requires the right equipment. As a new landowner, the variety of machinery options can feel overwhelming. This guide will help you prioritize your equipment needs and make informed decisions about what's essential versus what can wait.
Are you looking to build a home soon? Have you heard the term Barndo, Barndominuim, or Barn home? These terms are gaining popularity amongst rural homeowners looking for alternatives to traditional built homes, and are becoming the latest real estate trend. A barndominium is essentially a steel building similar to a barn that encompasses living quarters and a workshop under a single roof. For the installation, Barndos come as a prefabricated shell kit to do it yourself, or you can hire a turnkey builder to complete the home.
Applying for a loan? However, the credit approval steps are fairly straightforward regardless of whether you apply for an operating loan, land loan, equipment loan or home loan. By understanding the process, you will feel more at ease during the transaction.
How many acres do you need for a farm loan? When it comes to qualifying for a loan to buy acreage, Farm Credit of Central Florida has no minimum acreage requirement for farmland or lot loans. Instead, several factors determine eligibility for agricultural financing. Let's explore what really matters when seeking a loan for acreage.
What is a Farm Line of Credit? A farm line of credit is a flexible financial tool that provides farmers with access to funds to cover operating expenses such as purchasing seeds, fertilizers, equipment, or paying labor costs. It is specifically designed for agricultural operations. Think of it as a safety net, allowing farmers to bridge gaps in cash flow and manage unforeseen expenses that may arise during a growing season.
Are you transitioning your family farm business to the next generation? Farm Credit of Central Florida understands how important it is to prepare the next generation to take over the family business. To help, we are bringing you five tips for consideration from our local farmers and ranchers who have already gone through the transition or are in the middle of the transition. Click below to watch our succession tips!
FernTrust, Inc., established in 1986 in Seville, Florida, operates as a distinctive family cooperative of quality-focused foliage growers with deep roots in the agribusiness industry.
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