Do you want to grow your client base to include ag customers focused on building their real estate portfolio or who are interested in embracing the rural lifestyle? We offer a whole suite of loan programs that will meet their needs.
Keep reading to discover United Ag Lending’s 4 unique lending programs and why brokers, mortgage lenders, and banks partner with us to increase their business.
Agriculture Wholesale Loan Offerings
It’s no secret that traditional lending solutions aren’t the best option for people seeking farm loans. That’s why it’s essential to work with a lending company that understands the agricultural industry.
In addition to offering a diverse range of loan programs, we have years of experience working with people in the farming industry. We understand the solutions these customers need and the properties they want to purchase.
The following are United Ag Lending’s 4 agricultural wholesale loan products that our wholesale partners can offer their farming clients:
1. Wholesale Hobby Farm Loans
Did you know that most traditional lending companies don’t offer wholesale loan products for hobby farm loans?
Our unique hobby farm loan solutions are perfect for your clients who want to embrace the rural lifestyle while practicing small-scale farming that reflects one or many of their hobbies.
Let’s detail the perks of this loan program and quickly review its requirements:
Customizable Solutions
At United Ag Lending, we are committed to meeting farmers where they are, including people who want to realize their agricultural passions. We are excited to hear your clients’ hobby farm ideas and help make them a reality.
Standout Features
Our wholesale hobby farm loan product has these outstanding features:
- Our loan program allows Schedule F income.
- The property’s land value can exceed 30% of its appraised value, and the dwelling value only needs to be 25% of the overall value; lower values are allowed on a case-by-case basis.
- There are no early payment penalties.
- We offer loan terms at 15- and 30-year fixed rates.
- Your clients can choose to make income from their hobby, as long as it’s not their primary source of income.
- Clients can choose to own multiple parcels of land or parcels within reasonable proximity to each other, which can also be combined.
Program Requirements
Our wholesale hobby farm loans do have a few requirements your customers need to meet:
- The property needs to be agricultural in nature.
- We require a 5-acre minimum and a 160-acre maximum. Over 160 acres are allowed on a selective basis.
- Your client needs a 680 credit score or higher.
- The hobby farm property should be your customer’s secondary or primary home.
Hobby Farm Examples
While this isn’t an exhaustive list of the types of hobby farms we’ve funded with our agriculture wholesale loan offerings, it’s representative of the diverse projects we’ve worked on over the years:
- Equestrian farms
- Vineyard farms
- Berry farms
- Bee farms
- Chicken farms
- Homes with pasture
2. Rural Real Estate Loans
Are you a broker, mortgage lender, or bank that works with customers looking to move from the city or suburbs to a tranquil rural setting? If so, this loan program can fit these customers’ needs.
Our rural property loan program is simple, straightforward, and flexible. It is ideal for anyone who wants to buy property with an existing home.
Want to learn more about what this agriculture wholesale loan program offers people looking for rural real estate? The following details the benefits and requirements of this program:
Customizable Solutions
Like United Ag Lending’s other agricultural wholesale loan programs, our rural real estate program is flexible and customizable, allowing you to serve diverse farming clients.
Standout Features
Our rural residential program offers your clients many benefits, including the following:
- The rural residential program allows your clients to finance shop homes, shed homes, homes with pasture land or tillable acreage, or barndominiums.
- Fixed-rate 15- and 30-year loans.
- Our team also offers customers cash-out, refinance, and purchase loans.
- Our rural real estate program helps customers finance property on a minimum of 5 acres and a maximum of 160 acres.
- Property value only needs to be 30% of its overall value.
- This program permits ag-exempt properties (they are not required).
- Schedule F (Farm) income is allowed.
- Multiple parcels of land can be combined.
Program Requirements
Similar to our other loan programs, our rural residential loans have a few requirements:
- An existing home must be on the rural property that your customer wants to purchase.
- The home on the property must serve as your client’s primary or secondary residence.
- Your client needs a 680 credit score or higher.
3. Commercial Agricultural Loans
In addition to helping people finance rural real estate, we also help budding and established farmers grow or expand their farming operations. United Ag Lending’s team has earned a reputation as a reliable lending partner that’s proven time and time again our capacity to provide essential loan solutions to those in the ag industry.
Customizable Solutions
Our team understands that every farming operation is unique. That’s why our commercial agriculture wholesale loan offerings are customizable. We are ready to help farmers at any career stage build their businesses with our flexible solutions. This agricultural wholesale loan program can also help:
- Clients who want to increase agricultural capital.
- Agricultural professionals who want to consolidate existing farming loans or agriculture real estate.
Standout Features
Our commercial agricultural loans have the following features:
- There are no prepayment penalties.
- Adjustable loan rates available.
- 30-year fixed-rate loans available.
- Loans that are up to 70% of appraised value are allowed.
- Monthly, annual, and semiannual payments are permitted.
- We permit cross-collateralization and seller carries.
Program Requirements
Your client must fulfill a few requirements to qualify for this loan program. These include the following:
- Commercial farming loans must be a minimum of $500,000 and be a minimum of 10 acres.
- The property must be agricultural in nature.
- No residential or lot loans.
- There’s a 10-acre minimum.
- Your customers must have a 680 minimum credit score or higher.
Commercial Farming Examples
United Ag Lending has helped our lending partner clients get financing for the following types of diverse agricultural operations:
- Start an orchard.
- Grow an established vineyard.
- Start an equestrian business.
- Establish a dairy farm.
- Begin a ranch or cattle operation.
- Expand an almond, avocado, soybean, or blueberry farm.
- Start an orange grove.
We’ve also helped our clients expand or start many other types of commercial farming operations.
4. Rural Land Loans
In addition to helping people establish or grow their commercial farming operations, allowing small-scale farmers to realize their dreams, and providing financing for rural real estate opportunities, we also have a rural land loan program.
Customizable Solutions
We’ve successfully helped mortgage lenders, brokers, and banks better serve clients looking for rural land financing.
Our team has helped these types of clients achieve the following:
- Start a new agricultural business.
- Build on an existing farming endeavor.
- Acquire land for rural recreational purposes, like fishing or hunting.
Standout Features
Our agriculture wholesale loan program for rural land has the following benefits:
- Down payments that start at 30%.
- 10- to 30-year fixed-rate loans.
- 1-year to 15-year adjustable rate loans.
- Your customers can also combine multiple contiguous parcels and properties.
- We permit land improvements, sheds, and outbuildings.
- We also offer refinancing options.
Program Requirements
Your customers will need to meet the following requirements to be eligible for our rural land loan program:
- The land needs to be a minimum of 10 acres.
- There is a $500,000 minimum loan requirement.
- No residential or lot loans.
- The property needs to be agricultural in nature.
- Your client must have at least a 680 minimum credit score or higher.
Examples
The following are just a few examples of rural land operations we’ve helped finance:
- The growth or expansion of a farming company.
- The start of or building on an existing business, like a vineyard.
- The building of a ranch or farm to raise animals or start a dairy operation.
We Also Offer Refinancing Options
In addition to providing financing solutions to people who want to start or grow their farming business with an agriculture wholesale loan, we also offer flexible loan refinancing services.
Customizable Solutions
United Ag Lending offers the following types of refinancing solutions to meet your clients’ diverse needs:
- Clients can consolidate loans to decrease their monthly payments on a rural residential mortgage.
- Customers can take cash out.
- We can help clients find a shorter term on a loan or refinance agricultural debt.
Our Process
One of the reasons United Ag Lending is considered a trusted lending partner is that we have a straightforward lending process. In 3 steps, we can help your client find and secure the right agriculture wholesale loan for their needs while also serving as a trusted continued resource for you and your clients.
Consultation
Every lending relationship starts with a meeting between you and our account executive to ensure your clients meet our requirements.
Recommendations
Next, we’ll listen to your client’s needs and present them with wholesale farming loan options. We’ll also address any questions your client may have.
Application
Our application process is straightforward and will go quickly if your client is prepared. We suggest having the following documents ready for this step:
- Pay stubs
- Asset information (retirement accounts, stocks, etc.)
- Government ID or driver’s license
- 2 to 3 years of tax returns
- Bank statements
Continued Resource
We won’t disappear after the lending process is complete. We’ll maintain communication even after the loan closing to ensure we answer any lingering questions.
Why LOs Partner With Us
We understand that banks, mortgage lenders, and brokers know it’s essential to be cautious when building partnerships with outside lenders. That’s why we’ve worked hard to develop and maintain our reputation as an experienced farm loan provider.
Our team works hard to prove our expertise, making us an ideal partner for finding new clients and providing new offerings to existing clients looking to build their real estate portfolios.
We Consider Unique Ag Projects
All farming operations are unique, which is why our loan products are customizable. We take the time to listen to your client’s needs and will always provide tailor-made loan solutions that make sense for their requests.
Our Loan Process is Straightforward
Whether you’re working with a family who wants to move to the countryside or a large farming operation that wants to expand, your clients are busy. We respect your time and theirs by providing clear-cut solutions to ease the lending process.
We Have Years of Experience
Our team lives our core values of Communication, Endurance, and Simplicity. These concepts guide our work and help ensure the success of everyone we partner with.
We Value Our Partners’ Success
Your success matters as much as our success. United Ag Lending will always respect your expertise and listen to you and your clients’ questions and concerns throughout the agriculture wholesale loan process.
Ready to find out how to originate an agriculture wholesale loan with United Ag Lending? Let’s connect.
With United Ag Lending, you can count on us to provide you with the agriculture wholesale loan programs your customers need. Our knowledge, customer service, responsiveness, and communication skills make us an excellent resource for anyone who wants to determine how to originate an agricultural loan.
We have the best wholesale farm loan products because we take the conventional understanding of an agricultural loan and turn it into a flexible solution. You can count on our company to continue expanding its offerings, bringing the opportunity to provide mortgages for agricultural real estate to more and more loan officers nationwide.
Are you interested in becoming one of our trusted lender 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
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