United Ag Lending’s farm loan products are the perfect solution for brokers, bankers, and mortgage lenders who want to help their clients access the best agricultural lending solutions.
Our team knows how to originate an agricultural loan and is accustomed to customizing our products to meet client needs.
This blog will detail how to originate an agricultural loan with our team, our unique lending solutions, how we’ve become experts in the farming loan industry, and why our lending partners trust us to help them serve their clients.
How to Originate an Agricultural Loan With United Ag Lending
Our trusted lending partners know they can count on us to originate customized agricultural loans that meet their clients’ needs. Our team has decades of experience in the lending industry. Through the years, we’ve developed a rich bank of industry knowledge, which has allowed us to become unlike any other wholesale lender in the industry.
Our Wholesale Lending Process
United Ag Lending’s wholesale lending products stand out because of our flexibility. This allows us to create real-world lending products that fit your customers’ diverse needs.
To help you build on your existing client relationships and also cultivate new ones, we’ve developed a 3-step lending process:
Consultation
Our lending products are best suited for clients who are ready to buy and meet our loan requirements. We’ll touch on each product’s unique qualities and criteria below, but this generally includes clients needing a minimum credit score of 680, and land size and loan amount requirements.
During our consultation, you will work with our account executive to ensure our products can meet your customer’s needs by asking a few questions:
- What’s your agricultural project’s purpose? Will it be commercial in nature or a small-scale farm for personal use?
- Do you plan to use the property as a primary residence or second home?
- What loan amount is needed to start your farming project or business?
- Where will your agricultural project be in the next few years?
Recommendations
Once we have an understanding of what your customer needs, we’ll present them with agricultural loan program options. Then, we’ll discuss these program terms and conditions and answer any additional questions.
All our loan products and recommendations are backed by years of experience assisting lending partner clients attain their farming dreams. Our solid agricultural industry relationships allow us to create our unique solutions that:
- Bring unmatched skill to the farm lending process
- Help us create unique and flexible loan products
- Make us a valuable resource to the overall lending experience
Application
We are happy to help guide you and your client through our loan application process if you need assistance. Our application process is straightforward and will go quickly if they prepare the following documents:
- Government ID or driver’s license
- Pay stubs
- Asset information, like stocks, retirement accounts, etc.
- Bank statements
- 2 to 3 years of tax returns
Continued Resource
Our team will continue to assist you and your client well after the lending process is complete. We know that clear and consistent communication makes the lending process easier for everyone.
In the spirit of always maintaining clear communication throughout the lending process to loan closing, we will always make sure you and your clients:
- Are aware of their loan’s status
- Understand all loan steps and instructions
- Have answers to lending questions and access to financial tips
- Can maintain direct contact after the loan’s closing
United Ag Lending’s Loan Products
In addition to having an accessible lending process, our loan products are flexible, too. We are excited to provide customized lending solutions that address each of your clients’ diverse agricultural needs.
The following loan programs are unique to United Ag Lending, allowing us to serve as an essential lending partner for banks, brokers, and mortgage lenders.
Wholesale Hobby Farm Loans
Let’s start with our most unique, flexible loan product: wholesale hobby farm loans. Traditional wholesale lenders often don’t provide these types of loans, potentially making this product an essential solution for many of your clients.
Unique Qualities
Our hobby farm loans are the perfect solution for people who want to embrace the rural lifestyle and operate a small-scale farm.
Your client’s farm can include one or more hobbies, and they can choose to make income from their farm; we only require that the hobby farm doesn’t serve as your client’s primary income source.
At United Ag Lending, we’re happy to hear unique hobby farm ideas. We enjoy providing loans to people with unique farming goals.
Requirements Checklist
- Property is agricultural in nature
- The property must be a minimum of 5 acres and a maximum of 160 acres (more acreage is allowed on a case-by-case basis)
- Your client must have a 680 minimum credit score
- The land must have a pre-existing home
- The home must serve as your client’s primary or secondary residence
Benefits Profile
- No prepayment penalties
- The dwelling value only needs to be 25% of the overall value (lower values allowed on a case-by-case basis)
- Schedule F (Farm) income allowed
- The land value can be greater than 30% of its appraised value
- Multiple homes and structures are allowed on the property
Hobby Farm Examples
The following are just a few examples of hobby farm projects we’ve assisted before:
- Vineyards
- Bee farms
- Homes with existing pasture
- Almond farms
- Chicken farms
- Equestrian operations
- Berry farms
- Vegetable farms
- A variety of other kinds of small-scale farms
Wholesale Commercial Agricultural Loan Products
Are you working with clients who want to expand their operations, increase their capital, or consolidate other farming loans? If so, our commercial farming real estate loan products can serve as a great lending solution.
Requirements Checklist
- The property needs to be agricultural in nature
- We require a $500,000 loan minimum and 10 acres minimum
- Your client must have a 680 minimum credit score
Benefits Profile
- 30-year fixed-rate loans and adjustable loan rates
- No prepayment penalty
- We allow loans that are up to 70% of appraised value
- We permit cross-collateralization and seller carries
- Monthly, annual, and semiannual payments
Commercial Agriculture Examples
We have provided commercial farming real estate loans for lending partner clients who have diverse agricultural projects:
- Own a vineyard or orchard
- Have a dairy farm
- Own an equestrian business
- Want to start a ranch or cattle operation
- Want to begin an avocado or almond farm or a blueberry or soybean farm
- Ready to start an orange grove
- Have started other unique types of agricultural projects
Wholesale Rural Real Estate Loan Products
Do you have clients who dream of settling down in a rural setting? Our flexible wholesale rural real estate loans can help them secure the ideal property that fits their needs.
Requirements Checklist
- There must already be a pre-existing home on the property
- The pre-existing home must serve as your client’s primary or secondary residence
- The property has to be in a rural area
- Your client must have a 680 minimum credit score
- The property must be a minimum of 5 acres and a maximum of 160 acres
Benefits Profile
- The opportunity to finance a home that only needs to be 30% of its overall value
- Fixed-rate 15- and 30-year loans
- Loans with available low rates
- Purchase, cash-out, and refinance loans available
- Your client can use their property as a primary or secondary home
- This loan can finance different structures, such as barndominiums, shed homes, shop homes, or homes with tillable acreage and pasture land
- This loan product permits ag-exempt properties, but they are not required
- Schedule F (Farm) income allowed
- Clients can combine multiple parcels of land
Wholesale Land Loan Products
Our land program provides your agricultural clients with the flexibility to grow or start a farming business, or use rural land for recreational purposes.
Requirements Checklist
- The property needs to be agricultural in nature
- The property should be on a minimum of 10 acres
- Your client needs to have a 680 minimum credit score
- The minimum loan amount for this program is $500,000
Benefits Profile
- 10- to 30-year fixed-rate loans are available
- 1-year to 15-year adjustable rates
- Your client can combine contiguous parcels or multiple properties
- Land improvements, sheds, and outbuildings are permitted
- Loan down payments start at 30%
- Refinancing options available
Land Examples
Take a look at the following land projects we have helped finance:
- Grow a current agricultural business
- Grow a tree farm or start a vineyard
- Build a farm or ranch to start a dairy operation or raise farm animals
Refinancing Solutions
In addition to financing unique agricultural products, we can provide your clients with farm refinancing solutions. Our refinancing program can help customers needing to:
- Consolidate loans to decrease monthly payments
- Take cash out
- Find a shorter term on a loan
- Refinance debt
Why We’re a Trusted Partner
Brokers, banks, and mortgage lenders know a lot is at stake when they partner with an agricultural lending company. We know these considerations and can ensure that our experience makes us an outstanding lending partner for retaining and gaining agricultural clients.
We Finance Unique Agricultural Projects
United Ag Lending understands that every farming endeavor is unique, which is why our lending solutions are flexible. Our team of experts can take your customers’ ideas and provide loan product recommendations that address their financial needs.
We continue to see success as a farming lender and are confident that starting a partnership with us can help you build your business.
We Offer a Clear Loan Process
Agricultural farming clients are busy. To accommodate their lifestyle and needs, we keep our lending process straightforward. We provide a clear-cut lending solution without surprises that our brokers, mortgage lenders, and bank partners can trust.
We Have Experience
United Ag Lending’s loan officers have a good reputation thanks to their dedication and hard work. Our company only works with the best and has created a list of core values that guide what we do and how we do it:
- We value clear communication that addresses our lending partners’ and clients’ needs.
- Our company has the endurance to maintain its reputation and status as one of the best in the agricultural lending industry.
- The loan products we provide are simple.
When you decide to partner with us, you get to work with a lender dedicated to providing your customers with what they need throughout the lending process.
We Will Improve Your Reputation
When we partner with a lender, we strive to give their clients an exceptional experience. Our team does this by respecting your expertise and listening to each of your client’s needs. We will:
- Always present customized loan solutions designed to address your customer’s wants and needs.
- Dedicate the time and resources to make sure your clients find agricultural success.
- Work hard to provide loan solutions to help you maintain and grow your customer base.
If you want to see how we’ve helped people realize their agricultural goals with our loan products, read our reviews.
Ready to find out how to originate an agricultural loan with our team? Let’s connect.
With United Ag Lending, you can count on us to provide you with the wholesale real estate loan products your customers need. Our knowledge, customer service, responsiveness, and communication skills make us a wonderful 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 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 originate 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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