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    3. how much minimum down payment is required to purchase a farm costing about 2 million?
    how much minimum down payment is required to purchase a farm costing about 2 million?

    Hi i need to know how much down payment is reguired to purchase a farm costing about 2 million dollars? And how much will the monthly morgage be then?

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    +1  Views: 1031 Answers: 2 Posted: 14 years ago
    Tags: agricultural land
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      2 Answers

      Most lenders are requiring more down payment depending on your credit rating. Typical purchase with 10% down ($200,000)would leave a balance of $1,800,000 at 5% would be $7,500 monthly interest only.
      14 years ago. Rating: 6
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        Producer

        I'm curious, what are you going to grow as a cash crop?
        commented 14 years ago
        Mary Waarner. Poppies.
        14 years ago. Rating: 0
        Comment this answer



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