Did you know that United Ag Lending offers different loan programs to help your clients achieve their orchard farming dreams? Whether they are in it for their livelihood or as a hobby, we’ve got a loan solution that can help.
Keep reading this blog to discover how to originate an orchard loan with our skillful team.
Unique Orchard Loan Opportunities
Orchard loans are a fantastic option for clients who want to start or grow their fruit or nut-focused business or for people who wish to cultivate a small orchard to farm for fun. The following are just a few of the unique orchard loans we’ve financed:
- Avocado
- Almond
- Pistachio
- Lemon
- Orange
- And more
What loan programs can help my client start an orchard?
Clients wondering how to originate an orchard loan will find their answers when you partner with our team. Our orchard loan process is straightforward, and we provide 3 unique loan program options for interested clients:
Wholesale Commercial Farm Loans
One of our most popular loan programs for orchard farmers is United Ag Lending’s wholesale commercial farm loan program. This program is perfect for a variety of commercial farming operations.
Your clients can use this program to:
- Increase their farm capital.
- Refinance debt.
- Grow their business.
- Start an operation.
Loan Details
- 30-year fixed-rate loans.
- Adjustable rate loans.
- There are no prepayment penalties.
- Loans can be up to 70% of a property’s appraised value.
- Monthly, annual, and semiannual payments are allowed.
- Seller carriers and cross-collateralization are permitted.
- The commercial property must be used for agricultural purposes.
- The loan must be a minimum of $500,000.
- Your customer must have a minimum credit score of 680.
- This program does not finance lot or residential loans.
Wholesale Rural Land Loans
We recommend our rural land loan program for any farmer who wants to:
- Add another location to their successful orchard business.
- Begin a brand new orchard venture.
Your client should know where they want to grow their orchard and its purpose. For example, will it be commercial or private? What crop do they want to grow?
Loan Details
- 10- to 30-year fixed-rate loans.
- 1- to 15-year adjustable-rate loans.
- Loan down payments as low as 30%.
- Refinancing options are available.
- We also permit combining contiguous parcels and multiple properties.
- We allow land improvements, as well as land with sheds and outbuildings.
- Land must be a minimum of 10 acres in a rural area.
- We require a minimum 680 credit score.
- Minimum loan amount of $500,000.
- This program does not finance lot or residential loans.
Wholesale Hobby Farm Loans
Our most exciting loan option is our hobby farm loans, which allow your clients to buy land in a rural setting and farm on a small scale. We permit unique hobbies and enable your client to pursue multiple hobbies on one property.
Loan Details
- There are no prepayment penalties.
- The property’s primary home only needs to be 25% of its overall value.
- The land can be greater than 30% of its appraised value.
- We permit multiple structures and homes on the property.
- Schedule F (Farm) income allowed.
- We offer 15- and 30-year fixed loan rates.
- Customers must want to buy agricultural property on a minimum of 5 acres and a maximum of 160 acres (more allowed selectively).
- The property must become the buyer’s primary or secondary home.
- The buyer can make money from what they farm, but it can’t serve as their principal source of income.
Find Out How to Originate an Orchard Loan
United Ag Lending is a steadfast partner for financing rural property your clients need. Our knowledge, customer service, responsiveness, and communication skills make us an excellent resource for anyone who wants to learn how to originate an orchard loan.
We are an exceptional farm loan wholesale partner skilled at taking the conventional understanding of financing rural property and turning it into a flexible solution. You can count on our business 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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