Now that you’ve decided to purchase a Kentucky horse farm it’s important to know that there are some differences between financing a horse farm and residential real estate. Before you begin you will need to know how you plan to use the farm.
Will your farm be classified as a “working farm” (actively being used for crop production and/or raising livestock)?
Not only will this help you and your REALTOR® identify specific property features but it will also help you determine what type of financing options are available to you.
How is Financing Different?
There are several differences when it comes to financing a Kentucky horse farm.
To start, if there is a residential house on the property you may still qualify for a residential mortgage.…