United Ag Lending offers different loan programs that can help a broker, bank, or mortgage lender’s agricultural clients start or expand their vineyard business or give them the flexibility to live a rural lifestyle on their small-scale vineyard. These products are customizable, allowing farmers to approach their farming passions in creative ways.
Keep reading to learn how to originate a vineyard loan and for a quick breakdown of our loan programs.
Originating Vineyard Loans
The first step to any of our loan programs is a consultation with our account executive. This meeting will help us better understand your and your client’s unique needs.
After we know what your client wants and their unique requests, we’ll provide loan options for them to consider. Once they choose their loan product, they will fill out our application, and the loan process will start.
While our team will stay close to you and your client throughout the loan process to ensure everyone’s questions are answered and all concerns are addressed, we’ll also stick around after closing. We’re here for the long haul and want to make sure your client’s experience is as smooth as possible.
Our Vineyard Loan Programs
While all our vineyard loan programs are similar, they each have features that cater to your diverse clients’ needs.
Wholesale Rural Land Loan
Whether your customer is ready to start from scratch or wants to build on land with existing utilities, we have options.
Types of Rural Land
Our loan officers can help finance land in different conditions, ranging from raw land (land with no utilities or road access), unimproved land (land with some utilities and possible road access), and improved land (land with utilities and road access).
Features and Requirements:
The following are a few of the benefits this program has and the criteria we look for when evaluating loan applications:
Loan Features
- 1- to 15-year adjustable-rate loans and 10- to 30-year fixed-rate loans are available, with down payments beginning at 30%.
- Your customer can choose to combine bordering parcels and many properties.
- The program also permits land improvement, and the land can have existing outbuildings and sheds.
We also have land refinancing options.
Loan Requirements
- The property needs to have an agricultural use and be a minimum of 10 acres.
- Your customer needs a 680 credit score or higher, and the loan amount must be at least $500,000.
Wholesale Commercial Loan
If you have a client who is curious about learning how to originate a vineyard loan for commercial purposes, this loan program can help.
This program helps farmers who have or want to start a commercial vineyard operation.
Features and Requirements:
While the criteria for accessing this program are similar to our other programs, it has a few notable extra features
Loan Features
- We offer adjustable and 30-year fixed-rate loans with monthly, semiannual, and annual payments and no prepayment penalties.
- We provide loans up to 70% of the property’s appraised value and permit seller carriers and cross-collateralization.
Loan Requirements
- The property needs to be used for agricultural purposes and be a minimum of 10 acres.
- $500,000 loan minimum.
- Your client needs a 680 credit score or higher.
Unique Vineyard Loans
While our team tends to provide more land and commercial ag loans to our lending partners’ vineyard clients, we also offer the following options for people interested in living on their vineyard’s land:
Wholesale Rural Residential Loan
This program is designed for people who want to live in a rural setting and have a vineyard. While the home is this program’s centerpiece, it’s an option for people who also want a vineyard.
Wholesale Hobby Farm Loan
This program is ideal for someone who wants to have a small-scale vineyard operation that could serve as their secondary source of income.
Help Your Clients Access Their Dream Vineyard
United Ag Lending is a steadfast wholesale lending partner. Our knowledge, customer service, responsiveness, and communication skills make us an excellent resource for anyone who wants to learn how to originate a vineyard loan.
We have the best wholesale farm loan products because we take the conventional understanding of agricultural loans and turn them into flexible solutions. You can count on our company to continue expanding its offerings, bringing the opportunity to originate mortgages for farming real estate to more and more loan officers nationwide.
Are you interested in becoming one of our trusted lending partners? Contact us today to find out more about our loan products and services.
United Ag Lending’s TPO Licensed States: Arizona, Arkansas, California, Colorado, Florida, Georgia, Idaho, Indiana, Iowa, Kansas, Kentucky, Maryland, Massachusetts, Michigan, Mississippi, Missouri, Montana, New Jersey, New Mexico, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Washington, and Wyoming
Recent Comments