Whether 20% down works comes down to hobby farm versus working farm, and excellent credit does not change that classification. If the property is essentially a house with land around it, and you are not running an operating agriculture business on it, a lender can usually treat the purchase as residential, with residential down-payment options. Buying a home that happens to come with acreage is closer to a standard purchase than most people expect. The 40% figures come from genuine working farms, where you intend to earn a living from the land. Those get underwritten as business or agricultural loans rather than home loans, and ag lending carries bigger down-payment requirements. Terms vary by lender and change over time, so confirm the current requirements with the specific ag lender or program. So 20% down is realistic when the value and the use are residential. The heavier down payment applies once the land itself, and the income it produces, becomes the point. If you are not sure which side of that line your property falls on, that is something we can sort out in a free Roadmap conversation.