How Do You Finance a Pole Barn?

Ready to build your barn, garage, outbuilding, or barndominium, but not sure where to begin with your financing options? And is it even possible to get financing for a pole barn? How does it work and is it difficult? We're here to help 😊

One of the main concerns that people have in their pole barn planning journey, is getting financing secured. But not to worry! We have worked with many clients that successfully obtained financing for their post frame building. 

Here are a few things that will help you as you seek financing for your new build:

1. Consider working with lenders that already work with pole barn or post frame building loans (like some of the options listed here)
2. Or use your local bank, credit union, or bank that specializes in post frame loans or USDA loan 
3. The more details you have, the better for more complex builds, like barndominiums.

Some of the options available for pole barn financing include: 

1. Financing available through Slice by FNBO! Contact us directly for more information.

Some key features of these financing options/loans include

• Same as Cash options – These plans are also called “No Interest if Paid in Full” loans.
• Check your eligibility – It won't affect your credit score.
• Unsecured loan options available
  
• Best for financing needs under $150,000

2. Shoreham Bank

Financing for Pole Barns, Ag Barns, Outbuildings, Garages, and More

Some key features of these building loans

• Up to $100,000 for building
• Finance concrete, heat, water/electric for building
• Outdoor structures get fast application decisions
  
  

3. The Barndo Loans Pros (through First Federal of KC)

Financing for barndominiums (barndos) and post frame homes.

Some key features of this barndominium financing option

• Full home loans from construction to full mortgage after complete
• Post Frame lending specialist on staff to assist you all along the way
• National lending footprint to fund your barndo build in all 48 continental states
• Up to $825,000 loans for barndominiums
  
  

4. HFS Financial 

Financing for home improvements. This would be for if you already have a permanent residence and want to do an improvement to the home or on the property (such as a garage build, or a barn renovation, or an outbuilding addition, etc.)

Some key features of this financing option: 

• Personal Loan
• Terms up to 20 years
• Direct to consumer funding

Another option is to use your local bank, credit union, bank that specializes in post frame loans or USDA loan:

Many times, your local bank will be more likely to work with you on a custom home construction loan since they know you already.  Credit unions, Agricultural banks (if you are building on Ag property) or USDA loans may also be an option.

There are some of the banks that specialize in offering loans specifically for post frame homes/barndominiums and pole barn construction.

Don’t hesitate to contact us at 260-440-3190 or at info@milmarpolebuildings.com. We can provide you direct links to apply for or contact the institutions mentioned above. We have built many people's dream barn homes in Indiana, Michigan, Ohio, and Illinois and we would love to help you plan yours!