Part-Time Farm

Features & Benefits

Regardless of size or style of operation, we have the financial tools you need to keep your part-time farm growing. As a leader in hobby farm lending, we understand the specialized nature of part-time farming and will work with you to meet your unique needs. Our loan options can be used to purchase the following: 

  • Pole barns
  • Livestock structures
  • Building improvements
  • Land
  • Fencing
  • Livestock
  • Utility vehicles or small tractors
  • Equipment

Patronage Program

A portion of our annual earnings are returned to our eligible member-owners in the form of patronage.

FAQs

  • What are my down payment options?

    Typically, mortgages require a 20 percent loan to value down payment. We have options for borrowers looking to secure their down payment, including:

    • Providing 20 percent cash down
    • Using Private Mortgage Insurance if less than 20 percent
    • Other property or forms of collateral to meet some or all of the down payment requirement.
  • How do I reamoritize my loan?

    Loan reamoritization can be done quickly without the need to refinance throughout the life of the loan as equity is accumulated. A visit with a local financial services officer can get the process started.

  • Can I finance vacant land for up to 30 years?
    Yes, we are one of the few lenders who will write mortgages on vacant land without the stipulation to build with in a certain timeframe. Many of our customers use our vacant land mortgages to purchase hunting land or recreational land.
  • What is PMI?
    Private Mortgage Insurance (PMI) is a tool borrowers can use to offset the 20 percent down requirement. PMI will add a monthly premium cost to your payment. The insurance can be obtained through GreenStone will applying for a mortgage.
  • Is GreenStone a sub-prime lender?
    Private Mortgage Insurance (PMI) is a tool borrowers can use to offset the 20 percent down requirement. PMI will add a monthly premium cost to your payment. The insurance can be obtained through GreenStone will applying for a mortgage.
  • Can I finance my modular or manufactured home with GreenStone?
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  • What are the criteria for full and part-time farm designations?
    To be considered for agricultural loans, full-time farmers must generate a minimum of $100,000 gross farm income annually. Part-time farmers are those with the ability to generate a minimum of $500 gross farm income annually.