Although known for its parks and vast mountain ranges, Colorful Colorado—otherwise known as the Centennial State—has an abundance of agricultural opportunities to offer.
With a hobby farm in Colorado, you can experience all four seasons. Don’t let this range in weather discourage you; Colorado ranks #1 in the country for cattle and calves, with 2.8 million heads of cattle in the state. If a bee farm is more of interest, you’re in luck. There are 31,000 bee colonies in Colorado producing nearly 1.5 million pounds of honey per year.
Still brainstorming what you want your hobby farm to look like? At United Ag Lending, we would love to hear your ideas and be your trusted financial provider in helping you obtain a hobby farm loan in Colorado.
Benefits of financing with United Ag Lending for your hobby farm loan in Colorado
Traditional lenders who don’t solely focus on agricultural loans often fail to accommodate farmers. Maybe the loan term isn’t long enough, the interest rates are too high, or the lender has a lack of understanding of the planning and funding processes that go into farming.
That’s why we’ve created customizable loan programs made to help farmers, including hobby farmers, reach their goals. We want you to have that Colorado hobby farm as much as you do.
Here are just a handful of the many benefits of financing your hobby farm with us:
- Loans up to $2 million with Schedule F income allowed
- Land value can exceed 30% of appraised value
- Fixed 15 and 30-year terms
- Ability to combine multiple parcels of land under one loan (Within reasonable proximity)
- Farming income allowed, if not sole income
The list goes on: visit our website to learn about all of our hobby loan program benefits.
Our Colorado hobby farm loan process
The process of obtaining a hobby farm loan in Colorado contains three main steps: Consultation, Recommendations & Application, plus a Continued Resource.
Step 1: Consultation
The loan process at United Ag Lending begins with a consultation. We’ll learn about your farming history (if any), your priorities, and your hobby farm plans. This conversation will give us the vital details we need to customize your loan program.
This is also the step where you are invited to ask us any questions you have.
We will discuss:
- Your qualifications and financial standing
- Your plans for the land
- Our loan programs
Step 2: Recommendations & Application
After getting to know you and your hobby farm plans, our loan providers will give you recommendations on the loan program that matches up.
We will crunch numbers during this step, guide you through the application process, and answer any questions you have.
Step 3: A Continued Resource
Once you have closed on your loan with us, we will continue being a trusted resource to you for as long as you need.
Explore your hobby farm loan options with United Ag Lending
We strive to make the process of getting a hobby farm loan in Colorado as simple as possible. If you’re ready to elevate your life by sharing your plans with us and receiving expert advice, give us a call or fill out a contact form to schedule your consultation.
Other states we serve for hobby farming:
Arizona, Arkansas, California, 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, Wyoming.
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