As you’re trudging through all the cookie-cutter loan programs with an endless pile of farm credit loan requirements wondering how your plans are going to fit, stop and ask yourself:
- Will this loan program support my operation?
- Do the farm loan rates make sense and work for my industry?
- Do the lenders have agricultural background?
If you answered “no” to any of these questions, we’ll be honest—you’re going down the wrong path. But now that you’ve stumbled across the ag experts at United Ag Lending, we’re going to use your time wisely.
If you’re looking for a loan with the best commercial farm loan rates you can invest in, here’s everything you need to know about our program.
Common industries we finance
Our commercial farm loan program is specifically for farmers who are making a living from their farm. If that’s not what you’re looking for, one of our other programs may better suit your goals.
These are industries we commonly finance (although it’s not an all-encompassing list):
- Livestock and ranches
- Dairy farms
- Commercial crops
- Nurseries
- Vineyards and orchards
- Commercial horse properties
If your industry isn’t on the list, let us know what it is during your consultation.
Customizable loan programs
Because we know that no two farming operations are the same, our programs are designed to bend. Just when our ag professionals think they’ve heard it all, a farmer brings something brand new to the table.
Our ag loan professionals enjoy workshopping each individual loan situation. We want to make sure our farmers are in the best financial position possible, while still making their plans happen.
Adjustable and fixed farm loan rate options
At United Ag Lending, our goal is to meet you where you are. So, we offer options.
An adjustable rate may work best for you as a farmer just starting out. It’ll allow you a lower interest rate at the beginning, then it will change later.
1 to 15 year adjustable rates
With our farm loan rates, you have quite the range to choose from. If you’re not sure what would work best for you, we can help walk you through the different options.
10 to 30 years fixed rate
Just like with the adjustable farm loan rates above, you have a range to choose from with fixed rates too. As you probably know, a fixed rate doesn’t change. For the entire term of your loan, whether 10 years or 30, your farm loan rate will stay the same.
Some people prefer this method because they know what to expect for the given timeframe.
Need help deciding?
If you aren’t sure which method would work best for you, that’s what we’re here for. We’ll talk in detail about your operation and financial situation during both our consultation and recommendations processes.
Low down payments
While most ag lending companies require a 35% to 50% down payment amount, we only ask for a payment as low as 25%. We trust the people we work with and want to see you and your farm have success.
Loans up to 70% of value offered
As a premier ag lender, we want to give everyone the opportunity to get the land they want. We do this by lending up to 70% of the value of the land. If your land is $1 million, we can process a loan for $700K.
With us, you’ll get the best of both worlds—the loan amount you’ll need and a low down payment.
Repayment
If the ag industry had to be defined by one word, we’d choose “flexible.” To honor this truth, we offer a variety of repayment options for different farmers.
You can pay monthly, semiannually, or annually.
Let us know if you need a different accommodation.
No prepayment penalty
Maybe your farm starts doing well and you’re growing your financial security; making early payments and/or paying off the loan early won’t harm you. We do not penalize for that.
How do I know if I qualify for a farm loan?
You may qualify for our farm loan requirements if you:
- Meet the minimum loan amount of $500K
- Have a 680 or greater credit score
- Meet the 10+ acreage requirement
Explore your commercial farm loan options with United Ag Lending
Finding a loan program flexible enough to match what you need as a farmer is tough. At United Ag Lending, we understand your farm is your livelihood.
If you’re ready to share your ideas with our loan experts and receive special recommendations, give us a call or fill out a contact form to schedule your consultation.
States we serve: Alaska, Arizona, Arkansas, California, Colorado, Connecticut, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Maine, Maryland, Massachusetts, Michigan, Mississippi, Missouri, Montana, New Hampshire, New Jersey, New Mexico, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Virginia, Washington, West Virginia, Wisconsin, Wyoming.
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