Barndominium Construction Loans
At Rural 1st, most barndominium (barndo) construction is financed like a conventional-style home. We don’t charge a higher rate or require a larger down payment or shortened terms for you to build a post-frame home. Our loan officers are experts in this unique construction style and can make financing your barndominium construction loan a breeze.
Barndo Building with Rural Experts
We’re the lenders who know barndos.
Whether you are starting from scratch or purchasing a kit, we’ve been helping families build barndos since before they became popular. You don’t have to explain how you want to live, we just get it.
Traditional financing for barndos
We can finance most barndo builds in the same way as traditional loans for as little as 15% down.† And we never charge private mortgage insurance (PMI).
Get the full value of your land
We value the equity in the acreage as well as any barns, outbuildings or site improvements so you qualify for the maximum loan amount.
Why Rural 1st?
Lower rates for less
If a lower rate becomes available after you close, you can reduce your rate for a small fee* without the hassle of refinancing.
Choose your builder
While other lenders ask you to work with a builder they prefer, we let you choose your own. And our digital tool lets you manage your build in real-time with your contractor and Rural 1st team.
One-time close
We like to make things easy for you. Other lenders may require you to take out a construction loan and then refinance into a regular mortgage, but Rural 1st can help you go from construction to a permanent loan with one simple package.
Calculate Your Monthly Mortgage Payment
We’re here to help you find a loan that works for you and your needs. Please use our calculator if you’d like to get an idea of your estimated payments or loan possibilities.
Considering a refinance? Check out our refinance calculator.
Estimate the amount of yearly insurance you’ll need
Estimate the amount of yearly taxes you’ll owe
Calculate Your Maximum Loan Amount
We’re here to help you find a loan that works for you and your needs. Please use our calculator if you’d like to get an idea of your estimated payments or loan possibilities.
Considering a refinance? Check out our refinance calculator.
Estimate the amount of yearly insurance you’ll need
Estimate the amount of yearly taxes you’ll owe
You might be eligible for a loan up to
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Total Payment
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Interest:
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Insurance & Taxes:
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Customer Stories
Our sole focus is helping people achieve their goals of owning rural property. Here’s what they had to say about working with Rural 1st.
“Rural 1st understood our goal. If you want to build a barndo, make sure you do your research and find a lender that shares your vision.”
Shawna Blackmon
Douglas, Texas
*Provided that eligibility requirements are met. Conversion has a one-time fee of $750.00. Terms and Conditions may apply. The fee is subject to change without notice.
†A $200,000 loan would require a 15% down payment with a monthly principal and interest payment of $1,330.60 for 360 months based on 7.32% annual percentage rate (APR). Assumes $6,293 in closing costs. Monthly payments do not include amounts for taxes and insurance premiums so the actual monthly payment will be greater if an escrow account is established. Available rates and terms including the APR are subject to change without notice. The APR is based on the best available interest rate as of 04/01/2024.
Explore Your Options
Get Started
One of our loan officers will contact you to discuss your financial options.
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