Texas Equestrian Property Financing — For Serious Horse People
Financing an equestrian property in Texas presents unique challenges that most lenders aren't equipped to handle. Horse barns, riding arenas, round pens, and specialized equestrian infrastructure don't fit neatly into standard residential or agricultural appraisal categories. The result: qualified buyers get declined or receive lowball appraisals that kill their deals.
At First Source Capital Mortgage, we understand equestrian properties because we've been financing them for over 30 years. We know that a covered arena adds significant value. We know that a well-designed horse barn with proper ventilation, drainage, and stall configuration is worth more than a generic metal building. And we work with appraisers who understand these distinctions.
Whether you're buying a turnkey training facility, building your dream horse ranch from the ground up, or refinancing an existing equestrian property to fund improvements, we have the lending programs and expertise to get your deal done. As an independent broker, we shop your equestrian property deal across multiple investors to find the best rate and terms.
Texas is home to more horses than any other state, and the equestrian property market here is robust. From cutting horse ranches in the Fort Worth area to hunter/jumper facilities in the Hill Country, from breeding operations in East Texas to barrel racing properties across the state — we've financed them all. Call Dan at 888-484-1256 for an honest assessment.
Equestrian Property Types We Finance
Equestrian Property Loan Terms
Loan Amounts
$150,000 to $5,000,000+ depending on property and improvements
Loan Terms
15, 20, 25, and 30-year fixed-rate options available
Down Payment
20-25% typical. Properties with primary residence may qualify for less.
Credit Score
Minimum 640 FICO. Better rates at 680+.
Rates
Call for today's rates — 888-484-1256
Equestrian Property Loan FAQ
Do you finance horse ranches and equestrian facilities?
Yes. First Source Capital Mortgage specializes in equestrian property financing in Texas. We finance horse ranches, training facilities, breeding operations, boarding stables, riding arenas, and residential properties with equestrian improvements. We understand how to value arenas, barns, and specialized equestrian infrastructure.
How do arenas and horse barns affect my loan?
Equestrian improvements like arenas, horse barns, wash racks, and round pens add value to the property and are typically included in the appraisal. However, not all lenders understand how to value these improvements. We work with investors and appraisers experienced in equestrian properties who properly account for these assets.
What down payment do I need for a horse property?
Down payment requirements for equestrian properties typically range from 20-25% depending on the property type, improvements, and whether it includes a primary residence. Properties with a home plus equestrian facilities may qualify for lower down payments than raw land with only equestrian improvements.
Can I finance a property with a commercial boarding operation?
Yes. We can finance equestrian properties with active boarding operations. The boarding income can be considered in your qualification, and the commercial nature of the operation doesn't disqualify you from our programs. We'll match you with investors who understand equestrian businesses.
What about properties with indoor arenas?
Indoor arenas are a significant improvement that adds substantial value to equestrian properties. We finance properties with covered arenas, indoor arenas, and outdoor arenas. The key is working with an appraiser who understands the market value of these facilities in your area.
Do you finance equestrian property construction?
Yes. If you own land and want to build equestrian facilities (barns, arenas, fencing, paddocks), we offer construction-to-permanent financing options. We can also finance the purchase of land plus construction of equestrian improvements in one transaction.
Can I use income from horse training or breeding to qualify?
Yes. If you have documented income from equestrian activities (training, breeding, boarding, lessons, shows), this income can be used in your qualification. We'll need tax returns showing the equestrian income history, typically 2 years.
What acreage do I need for an equestrian property loan?
Most equestrian properties we finance are 5 acres or more, though some smaller properties with significant equestrian improvements can qualify. The ideal equestrian property for financing purposes is 10-100 acres with a home, barn, arena, and pastures.
How does FSCAP differ from Farm Credit for horse properties?
Farm Credit cooperatives may classify equestrian properties differently depending on whether they consider it "agricultural." As an independent broker, we have access to multiple investors — some who treat equestrian as agricultural, others who treat it as rural residential. We find the best classification and terms for your specific property.
What are current rates for equestrian property loans?
Rates depend on property type, acreage, improvements, down payment, and borrower qualifications. Equestrian property rates are competitive with other rural land products. Call 888-484-1256 for today's rates on your specific scenario.
NMLS #217672 | First Source Capital Mortgage, Inc.