Obtaining a farm loan can be an exciting time, but flipping through sites that don’t suit the ag industry, yet are listing steep farm loan requirements? That can definitely lead to some discouragement.
At United Ag Lending, we’re all too familiar with the obstacles of agriculture and obtaining a loan that fits your plans.
That’s why we spend the time to create personalized loan programs for every single farmer. There is no one-size-fits-all in the ag industry.
For a farm loan program with more achievable requirements, follow along with our checklist.
Farm Loan Requirements Checklist
Is your farm going to be commercially used?
◻️ Yes
Great, move on to the next question.
◻️ No
You don’t meet our commercial farm loan requirements, but you may qualify for our hobby farm loan program. If you’re interested in farming as a pastime and not with the main purpose of making money, this program is what you’re looking for.
Do you have a credit score of 680 or higher?
◻️ Yes
You meet this requirement, continue to the next question.
◻️ No
All of our loan programs require you to have a 680 credit score. We’d be happy to help once you improve your credit score. Depending on your score, it may not be too lengthy of a process.
Is your prospective farm’s acreage 10 or greater?
◻️ Yes
You have the right amount of acreage for our farm loan requirements. You can go to the next question.
◻️ No
For a commercial farm, we require at least 10 acres. However, you may qualify for a hobby farm loan if you have between 5 and 9 acres.
Do you meet the minimum loan amount requirement of 500K?
◻️ Yes
Great, you meet our final requirement.
◻️ No
If you don’t meet the minimum loan amount, you may still qualify for one of our other programs, such as our hobby farm or rural home loans program.
Do you meet all the farm loan requirements?
If you answered “yes” to all the questions, we want to hear from you.
Send us a message or call us to set up a consultation.
Common industries we finance
- Livestock and ranches
- Dairy farms
- Commercial crops
- Vineyards and orchards
- Commercial horse properties
If your type of farm isn’t on this list, it doesn’t mean we don’t have a program for you. At United Ag Lending, our programs are customized and flexible to meet clients’ different needs and industries. No two ag operations are the same, nor will your loan programs be.
Your situation may depend on factors such as:
- Land size
- Price of the land
- Highest and best use appraisal
- Financial situation
- Operations
- And more
We’re eager to hear what your plans are so we can get to work on creating your program.
Program benefits
The following are some of the benefits available for our commercial loan program:
- Loan amounts $500k–$100 million
- Down payments as low as 25%
- Fixed farm loan rates from 10 years to 30 years
- 1-year to 15-year adjustable rates are available
- Multiple properties or contiguous parcels allowed
- Outbuildings, sheds, and other land improvements allowed
Get in touch. Get your farm loan.
Not everyone checks off all the farm credit loan requirements on the list, so we want to hear from you.
If you have some of your farm plans in order and you’re excited to get the process started, reach out. As ag lending experts with experience in countless loan scenarios, we’re eager to learn how your farm sets you apart and how we can help you further your plans.
Send us a message or give us a call.
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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