Hobby Farm Loan Calculator
See the maximum loan and minimum down payment for a hobby farm, horse property or vineyard estate in Oregon or California. Uses the program LTV matrix by credit score, loan size, occupancy and acreage, with 3/1, 5/1 and 7/1 ARM, 30-year fixed and 40-year amortization options.
Get Started in 3 Steps
How to Use the Hobby Farm Loan Calculator
Enter Price and Down Payment
Add the purchase price and your planned down payment, or tap “Use minimum down” to fill in the lowest amount that fits.
Describe You and the Property
Pick your credit range, primary residence, second home or investment property, and acreage band. The calculator applies the matching LTV caps.
Compare Programs
Switch between 3/1, 5/1, 7/1 ARM and 30-year fixed, try 40-year amortization, and adjust the rate to see your payment.
Estimated monthly payment
$11,002
$9,102 principal & interest · 7/1 ARM · 30-year amortization
Loan amount
$1,440,000
Your LTV
80.0%
Max LTV here
75%
At this loan size the max LTV is 75%. Put at least $450,000 down to fit.
Maximum loan
$1,350,000
Minimum down
$450,000 (25.0%)
What limits your loan
10–20 acres cap (75%)
Max LTV by loan size
| Loan up to | Primary | Second home | Investment |
|---|---|---|---|
| $1,500,000 | 80% | 80% | 75% |
| $2,000,000 | 80% | 75% | 65% |
| $2,500,000 | 80% (740+) / 75% | 70% | 60% |
| $3,000,000 | 75% | 65% | 55% |
| $3,500,000 | 70% | 60% | 50% |
| $4,000,000 | 60% | 55% | 50% |
| $4,500,000 | 55% | 50% | 50% |
| $5,000,000 | 50% | 50% | 50% |
Acreage caps: 10–20 acres 75%, 20+ acres 70%. Minimum 680 credit. Agricultural income (hay leases, vines) is allowed on the property but not counted to qualify. If you need it to qualify, see ag loans.
Illustration only. LTV limits reflect the program matrix effective 10/08/2026 and can change. Final terms depend on appraisal, property review and underwriting. Not a commitment to lend.
How much do I need down on a hobby farm?
At least 20%. Hobby farm loans go up to $5,000,000 with a 680 minimum credit score and no acreage cap, but the maximum LTV steps down with loan size, second-home occupancy and acreage. Properties with 10–20 acres max out at 75% LTV and 20+ acres at 70%. Primary residences keep 80% up to $2M (to $2.5M with 740+ credit); second homes drop to 75% above $1.5M. Investment properties are allowed with investor limits: 75% to $1.5M, stepping down to 50% from $3.5M.
Best for: Oregon and California buyers of horse properties, acreage homes and vineyard estates who qualify with W-2, self-employed or retirement income
How It Works
Understanding the Hobby Farm Loan Calculator
A hobby farm loan is a residential mortgage on a home with acreage, barns, arenas or plantings, underwritten on your personal income. The land can produce income, like a hay lease or vines, but that income isn't used to qualify. If you need it to qualify, an agricultural loan is usually the better fit.
The calculator checks every loan-size tier in the program matrix and finds the largest loan you can get at your credit score, occupancy and acreage, then shows which limit sets it. On a $3.2M purchase, for example, a primary residence on 15 acres can borrow up to $2.4M at 75%, while the same property as a second home tops out at $2.24M under the 70% tier for loans up to $2.5M.
Payments use the rate you enter (6.5% by default) on 30-year amortization, or 40-year amortization for primary residences. Read our Templeton equestrian estate case study to see how a 7/1 ARM with 40-year amortization worked on a nearly $3M horse property.
Ready to apply?
Numbers look right? Explore our Hobby Farm Loans page for eligibility details, rates, and next steps.
About This Calculator
What the Hobby Farm Loan Calculator is For
Hobby farm loans finance a home on acreage when you qualify with your regular income, not farm income. Loans go up to $5,000,000 with no acreage cap, a 680 minimum credit score and at least 20% down. How much more you need depends on loan size, occupancy and acreage: second homes and investment properties step down faster, 10–20 acres caps LTV at 75%, and 20+ acres caps it at 70%. This calculator applies those limits, shows which one sets your maximum loan, and estimates the payment on a 3/1, 5/1 or 7/1 ARM or a 30-year fixed, with an optional 40-year amortization on primary residences. The rate defaults to 6.5% for illustration; enter your own to test scenarios.
Common Use Cases
- Finding the minimum down payment on a horse property or acreage home
- Comparing primary, second home and investment property LTV limits
- Testing 30-year vs. 40-year amortization on a hobby farm ARM
Ready to turn numbers into a loan?
Or call 503-966-9255Common Questions
Hobby Farm Loan Calculator — Frequently Asked Questions
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From the Blog
Further Reading
CaliforniaTurned Down by Their Bank: How We Financed a Nearly $3M Templeton Equestrian Estate
A real case study: buyers were turned down by their bank on a 10-acre Templeton equestrian estate near Paso Robles with ag zoning, stables, an indoor arena, and outbuildings. We preflighted the property, confirmed it fit our hobby farm loan, and closed with a 7/1 ARM at 70% LTV on a 40-year amortization.
OregonBreaking the Refinance Cycle: A 30-Year Fixed Ag Loan for a Hood River Orchard
A real case study: a Hood River orchardist tired of his bank's variable rates, balloons and prepayment penalties refinanced a $1.65M farm loan into a true 30-year fixed ag loan, took out $250,000 for working capital and improvements, and closed in 5 weeks.
CaliforniaVA Loan Relocation: From Washington Rain to a $995K Home in Rancho Santa Margarita
A real case study: a veteran with a 100% VA disability rating and his wife relocated from Washington to Orange County. A waived funding fee, grossed-up disability income, and base-wage-only qualifying got them into a $995,000 home in Rancho Santa Margarita.
All calculator results are estimates for informational purposes only and do not constitute a loan commitment or guarantee of any specific rate or terms. Actual loan terms will depend on creditworthiness, property type, and market conditions. Lumen Mortgage Corporation · NMLS #1498678 · Licensed in Oregon & California · 920 SW 6th Ave, Suite 1200, Portland, OR 97204.