United Ag Lending is the premier lending partner for brokers, banks, and mortgage lenders who want to cultivate relationships with agricultural real estate clients. Our unmatched lending services allow us to provide customized wholesale farm financing to meet your clients’ needs.
This guide contains all the information you need about our unique wholesale lending programs and why we’re industry leaders in financing rural property.
Everything You Need to Know About Financing Rural Property
United Ag Lending provides unique wholesale farm loans with the purpose of financing rural property. Our team has years of lending experience and works with a curated list of agricultural industry experts to ensure we’re always tapped into this diverse market.
Our Process
When you choose to partner with United Ag Lending, you and your clients will have the opportunity to move through our streamlined financing steps. Over the years, we’ve simplified our processes to ensure we respect your and your clients’ time.
Step 1: Consultation
We’ll discuss each loan program’s features and requirements during our first meeting. While each program has unique aspects, your customers with a minimum credit score of 680 and those ready to buy properties that meet our land size and loan amount requirements are best suited to work with our team.
Besides reviewing our loan programs, you will work with our account executive (AE). The following are a few of the questions our AE will ask to help determine if we can meet your client’s needs:
- What type of farming project is it? Commercial or private?
- Does your client plan to make money on their farming project?
- Will the rural property serve as a primary or secondary home?
- What loan amount does your client need?
- What’s your client’s plan for the project?
Step 2: Recommendations
After reviewing your client’s needs, our team will provide loan program recommendations and answer your and your client’s remaining questions.
Step 3: Application
Our application process is straightforward and should move quickly if your customer has the following information ready:
- Driver’s license or government ID
- Pay stubs
- Asset information (retirement accounts, stocks, etc.)
- Tax returns (2 to 3 years)
- Bank statements
Our team is here to help you and your customer through the application if either of you would like assistance.
Added Value: Ongoing Resource
We value straightforward communication and know our consistency helps ease the lending process for everyone. You and your client can access our team any time you need, even after the loan closing.
Our Programs
United Ag Lending’s loan programs are for farming and agricultural clients. Our specialty is serving people who need custom solutions for financing rural property. We have decades of experience providing flexible loan solutions for customers who want to live a rural lifestyle or start or grow their farm business.
The following 4 loan programs are our signature loan products. We’re excited to share them with brokers, banks, and mortgage lenders who want to nurture long-lasting relationships with their farming real estate clients.
Wholesale Commercial Agricultural Loan Program
Our team has a loan program for budding and established farmers. Our commercial agricultural loans have key features that appeal to clients who are ready to take the next step in their agricultural real estate journey.
Features and Benefits
Besides helping clients start or expand their businesses, our commercial loans also allow your clients to increase their capital and consolidate other agricultural loans.
Additional product benefits include 30-year fixed-rate loans with adjustable rates, no prepayment penalties, and loans up to 70% of a property’s appraised value. We also permit monthly, annual, and semiannual payments, seller carriers, and cross-collateralization.
Criteria
United Ag Lending’s commercial lending program has a few criteria your clients and the property must meet. Our team requires that the commercial property be used for agricultural purposes, that the loan amount be a minimum of $500,000, and that your customer has a minimum credit score of 680. This program also does not finance lot or residential loans.
Examples
Our team has helped fund quite a few diverse agricultural projects, including:
- Establishing an orchard or a vineyard, an avocado or almond farm, or a blueberry or soybean operation
- Funding a dairy farm
- Starting a cattle farm or ranch
- Expanding an equestrian business
If you don’t see a project similar to your client’s plan, that’s OK! We’re excited to hear about new agricultural projects and ideas.
Wholesale Rural Property Loan Program
More people are choosing to abandon city life and escape to establish roots with their family in a rural area. Our rural real estate loan program is the perfect solution for these individuals.
Features and Benefits
This loan product is ideal for attracting and catering to clients who want to buy rural real estate. It has many benefits, including financing rural property with the dwelling being up to 30% of its overall value and the ability to finance multiple structures on the property (including pastures, barndominiums, sheds, and more). Your client can also choose to combine multiple parcels of land.
Besides the above features, this program offers fixed-rate 15- and 30-year loans, and Schedule F (Farm) income. We also allow ag-exempt properties.
Are you working with clients who are seeking purchase, cash-out, or refinance loans? This program provides those offerings, too.
Criteria
Our rural real estate product is a good match for people who are prepared to buy property with a pre-existing home in a rural area that serves as the buyer’s primary or secondary house. Our team also requires your client to have a minimum credit score of 680 and that the property is on a minimum of 5 acres and a maximum of 160 acres. However, some exceptions can be granted for over 160 acres.
Wholesale Hobby Farm Loan Program
This loan program is exclusive to United Ag Lending and helps mortgage lenders, banks, and brokers attract clients who want to embrace small-scale farming.
Features and Benefits
Our hobby farm loan product provides flexibility to clients by financing rural property that helps people realize their farming passions.
Some of this program’s most notable features include no prepayment penalties, the property’s primary home only needs to be 25% of its overall value, and its land can be greater than 30% of its appraised value. We also permit multiple structures and homes on the property and Schedule F (Farm) income, and we offer 15- and 30-year fixed loan rates.
Criteria
United Ag Lending’s hobby farm loan program is ideal for people who want to buy agricultural property that resides on a minimum of 5 acres and as much as 160 acres (or more in some cases). The property also must serve as the buyer’s primary or secondary home, and while they can make money from what they farm, it can’t serve as their main source of income.
Like our other loan products, we also require hobby farm loan clients to have a credit score of at least 680.
Examples
As you can see, we’ve provided financing for rural property for different kinds of unique hobby farms:
- Equestrian businesses
- Vineyards
- Berry, bee, and chicken farms
- Homes with pasture
This is not an exhaustive list, and we’re always interested in working with a client who has a unique farm project.
Wholesale Rural Land Loan Program
Our team also provides financing for wholesale rural land. This loan product is a good option for people who want to start a farming operation, expand an existing agricultural business, or use rural land for recreation.
Features and Benefits
Our rural land program features 10- to 30-year fixed-rate loans, 1- to 15-year adjustable-rate loans, loan down payments as low as 30%, and refinancing options. We also permit combining contiguous parcels and multiple properties, as well as land improvements, sheds, and outbuildings.
Criteria
United Ag’s land program will best serve clients interested in buying a minimum of 10 acres of rural land. We also require a minimum 680 credit score and a minimum loan amount of $500,000. This program also does not finance lot or residential loans.
The United Ag Difference
United Ag Lending has decades of experience helping mortgage lenders, banks, and brokers maintain and build new relationships with clients interested in rural property. Our skill has earned our team the reputation of being a steady, knowledgeable agricultural lending partner.
The following are just a few of the reasons our lending partners work with our company to expand their book of real estate business:
We’re Flexible
Our team is open to financing unique rural property projects. We always evaluate your customer’s project to determine their loan needs. We’re dedicated to providing loan solutions that incorporate their ideas.
Success Is Important to Us
United Ag Lending wants our lending partners to succeed. We understand it takes a lot of trust to choose to work with an outside lending partner, and our team is up to the challenge. We’ll respect your expertise while remaining available to answer any of your customers’ questions or concerns about our wholesale farm loan process.
A Straightforward Process
We know that people who own farming businesses and embrace rural living are busy; you likely have a packed schedule, too! Our loan professionals will always keep the lending process clear and concise to expedite it.
Clearly Defined Values
Through the years, United Ag Lending has worked hard to develop a set of core principles that guide what we do and how we do it. We only work with the best loan officers who embody the following core values:
Communication Is Key
Clear and consistent communication ensures a smooth lending process. We will listen to your and your clients’ needs and provide financing solutions that reflect that.
Value Endurance
We’re able to continue serving people in the ag industry because we’ve earned the reputation of being a consistent, honest, and valuable partner. We vow to continue providing our exceptional services to you and your clients for years to come.
Keep It Simple
No one enjoys going through a long, drawn-out, disorganized lending process. You’ll never experience that at United Ag Lending. Thanks to our simplified process, our loan officers are always prepared to act fast. We’ll never waste anyone’s time.
Let’s Talk About Financing Rural Property
United Ag Lending is a strong partner when it comes to financing rural property your customers need. Our knowledge, customer service, responsiveness, and communication skills make us an excellent resource for anyone who wants to find out how to originate an agricultural loan.
We have the best wholesale farm loan products because we take the conventional understanding of financing rural property and turn it into a flexible solution. You can count on our company to continue expanding its offerings, bringing the opportunity to originate mortgages for agricultural 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
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