Construction Financing on AGRICULTURAL parcel

[Bill B.]

Hello,

We own a 24 acre orchard.  We want to build our primary residence on the parcel.  There is no debt on the parcel.  Does anyone know of a financial institution that will do construction financing in this situation?

ALSO, are there financial entities that will cover the conventional first mortgage on the same property (agricultural orchard) when construction is complete?

Thanks!

Bill

[Martin Fletcher]

Hi Bill. I suggest reaching out to your local Farm Credit Bank, given the nature of the property. Best Wishes, Marty