Barndominium Financing

Program Overview

Barndominium Financing provides specialized mortgage solutions for metal building homes that combine residential living with workshop, storage, or commercial space. These unique properties offer cost-effective, customizable living spaces that traditional lenders often don't understand.

What is a Barndominium?

A barndominium is a metal building that has been converted or designed to include residential living space. These structures typically feature:

• Metal exterior with residential interior finishes
• Open floor plans with high ceilings
• Workshop, garage, or storage areas
• Energy-efficient construction
• Customizable design options

Key Benefits

• Cost-Effective: Often 30-50% less expensive than traditional stick-built homes
• Customizable: Design your perfect living and working space
• Durable: Metal construction provides excellent longevity
• Energy Efficient: Modern insulation and construction methods
• Multi-Purpose: Combine living space with workshop or storage

Program Requirements

Credit Requirements

• Minimum Credit Score: 700
• Credit History: Clean credit history preferred
• Debt-to-Income: Maximum 43% DTI ratio

Property Requirements

• Building Codes: Must meet local residential building codes
• Zoning: Property must be zoned for residential use
• Construction: Must be completed or near completion
• Appraisal: Requires specialized barndominium appraisal

Down Payment Requirements

• Minimum Down Payment: 20%
• Construction Loans: May require higher down payment during construction
• Source of Funds: Must be properly documented

What to Expect

Step 1: Property Evaluation

We'll assess your barndominium plans or existing structure to determine financing options. This includes reviewing construction plans, timeline, and budget.

Step 2: Construction Review

If building new, we'll review your construction timeline and budget. We can provide construction-to-permanent financing for a seamless process.

Step 3: Appraisal Process

A specialized appraiser familiar with barndominiums will evaluate your property. They'll assess both the residential and commercial aspects of the structure.

Step 4: Loan Application

Complete the mortgage application with all construction or purchase details. We'll guide you through the documentation requirements.

Step 5: Closing & Funding

Close on your barndominium mortgage and begin enjoying your unique living space.

Who This Program Helps

• Custom home builders wanting cost-effective construction
• Small business owners needing combined living and workspace
• Hobbyists and craftspeople requiring workshop space
• Rural property owners building on large lots
• Those seeking alternative housing solutions

Ready to finance your barndominium? Contact our featured lender for specialized barndominium financing.