15-20 year loans are common, with 20% down. The interest rate is considerable higher than a conventional mortgage on a house. If you either have as many as 40 acres, or you are financing you residence on smaller acreage, the Federal Land Bank seems to be a pretty good option. My bank loaned 80% on my 24 acres when I bought it, but the rate was 9.5% while mortgages were about 7.5%. I'm right now figuring on doing a refinance with Federal Land Bank since we have now built our barn that we live in. Another option is to carve out a small part of the acreage for the homestead and get a conventional, low interest mortgage and then have a bank loan (higher interest) on the rest.

Of course owner-financing can be a good option if you can get it.

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