How Much Do You Have To Put Down On A Farm Loan. You have to decide for yourself what your debt limit is. So, if the mortgage rate on a $150,000 refinance would normally be 3 percent, paying one point could reduce it to 2.75 percent, at a cost of $1,500 upfront.
You have to decide for yourself what your debt limit is. You get the lower of the two rates. Do not rely on your banker to keep you out of trouble.
This can help protect you if home prices.
You can calculate your minimum down payment by adding 2 amounts. The interest rate the fsa will charge is the rate that is prevalent when you apply and/or close the loan. Anyone who needs a raw land mortgage should be prepared to pay a high interest rate. The more you put down initially, the less you’ll need to borrow and you may benefit from a lower loan rate.