There’s a reason United Ag Lending continues to be the go-to wholesale agricultural lending partner for brokers, banks, and mortgage lenders. It’s because we provide solid lending solutions for unique farming clients.
Besides our steadfast loan programs, we fully commit to ensuring that you can assist your current clients and attract new ones. Continue reading to find out how we can help you grow your business.
Wholesale Agricultural Lending Partners You Can Trust
Our team has decades of experience providing customized wholesale farming and agricultural loan products for loan officers in the United States. We work hard to finance a variety of rural properties and land to help your clients:
- Grow their successful farming business.
- Begin a new agricultural operation.
- Embrace the small-scale farm of their dreams.
- Jump into living the rural lifestyle in a beautiful home.
Our loan products can flex to meet your customers’ farming projects or lifestyle plans.
Why are your wholesale loan products different?
United Ag Lending understands that brokers, lenders, and banks work with customers who need access to a robust lending program that grants access to property of all types and sizes. That’s why we strive to provide a variety of options that can address the needs of hobby farmers, commercial farmers, home buyers, and individuals looking for rural recreational land.
We work with home buyers, too.
It’s easy to think that our team can only provide wholesale agricultural loans to professional farmers. However, our loans are far more versatile than that.
In our years of experience as one of the nation’s leading wholesale agricultural lending partners, we’ve helped many loan officer partners provide financing for customers who want to explore country-style living. We can provide loans for homes with acreage outside the city as primary or secondary residences.
Access to Unique Solutions
Traditional wholesale lenders aren’t able to provide agricultural loan solutions with the flexibility and customization our products offer. We offer a specialized service that can help meet the needs of unique hobby farm ideas and help commercial farmers get where they need to go financially. We are driven by helping your clients reach their long-term goals.
Our Loan Program Solutions
United Ag Lending offers our lending partners 4 signature loan products for purchases and refinances.
These products are essential for customers who want to live in a rural setting or start or expand their agricultural business.
Wholesale Rural Land Loans
United Ag Lending provides wholesale agricultural land loan options for 3 types of land:
- Raw, bare agricultural land that is undeveloped and doesn’t have access to water, a sewer system, or other utilities.
- Unimproved agricultural land that has access to some utilities.
- Improved agricultural land with access to all utilities.
This program is for clients who want to finance rural land to build on (add a barn or other type of structure for agricultural purposes), farm some sort of produce (plant, grain, flower, etc.), or raise farm animals. This loan is also an option for customers who want to own land for recreational purposes, like hunting and fishing.
Land Loan Highlights
Clients who want to access this loan program benefit from the following product attributes:
- Fixed-rate loan options at 10 to 30 years.
- Adjustable-rate loan options at 1 to 15 years.
- As low as 30% loan down payments.
- Farm and agricultural land loan refinancing options.
- This program allows the combining of contiguous parcels and multiple properties.
- It also permits outbuildings, sheds, and land improvements.
Land Loan Requirements
Our land loan program will best suit customers who can meet the following requirements:
- Clients must want to buy at least 10 acres of rural land.
- Customers who have a 680 minimum credit score.
- Clients also must need a loan that’s a minimum of $500,000.
- Our land loan program cannot finance residential or lot loans.
Wholesale Commercial Farming Loans
As your clients know, all commercial agricultural businesses are different. That’s why we are one of the best wholesale agricultural lending partners for providing customizable, flexible financing options for professional farmers and ranchers.
Our loan officers are excited to provide loans to customers in unique farming industries, such as:
- Plant nurseries
- Dairy farms
- Vineyards
- Orchards
- Equestrian properties
- Commercial crops (cotton, wheat, etc.)
- Livestock operations
- And more
Commercial Farm Loan Highlights
Customers wishing to use this loan program can benefit from the following attributes:
- Our commercial loans can help customers grow their businesses, increase their farm capital, or consolidate other farm loans.
- Fixed-rate 30-year loans and adjustable-rate loans.
- We don’t have prepayment penalties.
- A loan can be 70% of a rural property’s appraised value.
- We allow monthly, annual, and semiannual payments and permit cross-collateralization and seller carriers.
Commercial Farm Loan Requirements
To benefit from our commercial farm loan program, clients must meet the following requirements:
- The commercial rural property your customer wants to buy must be used for agricultural purposes.
- This program’s loan minimum is $500,000.
- Your client must have a 680 minimum credit score.
- This program is not for financing lot or residential loans.
Wholesale Hobby Farm Loans
We are your go-to wholesale agricultural lending partners for wholesale hobby farm loans. Arguably, this program is the most unique offering we have. This loan program is for people who want to live the country lifestyle and farm on a small scale. Some of the small-scale hobby farms we’ve financed include:
- Equestrian ranches
- Vineyards
- Property with pasture
- Chicken, bee, berry farms
- And more
While your customers can choose to make money on what they farm, it can’t serve as their primary source of income. And while your customers need to live on their hobby farm, it can serve as their primary or secondary residence.
Hobby Farm Loan Highlights
Besides benefiting from the previously mentioned loan attributes, your client can also enjoy the following loan highlights:
- There are no prepayment penalties.
- The rural property’s primary home must only be 25% of its overall value (it can be greater than 30% of its appraised value).
- Our team allows multiple homes and structures on the property.
- We permit Schedule F (Farm) income.
- Fixed-rate 15- and 30-year loans available.
Hobby Farm Loan Requirements
Our hobby farm loan program can finance a property/client that meets the following criteria:
The customer must have a 680 minimum credit score.
The property must have a minimum of 5 acres and a maximum of 160 acres (more permitted on a case-by-case basis) on rural land.
Wholesale Rural Residential Loans
This program can help if you have customers who want to move out of the city and live a rural lifestyle.
It’s expressly set up for noncommercial properties and offers rural real estate lovers the following program highlights:
Rural Real Estate Highlights
- The property’s dwelling can be up to 30% of its total value.
- Your client can choose to finance multiple structures on the property (barndominiums, sheds, and others).
- Your customer can combine multiple land parcels.
- 15- and 30-year fixed-rate loans allowed.
- We permit Schedule F (Farm) income.
- Our team also allows ag-exempt properties.
Rural Real Estate Requirements
Similar to our other loan programs, our rural residential loan product has a few stipulations, including:
- The property must have a pre-existing home.
- The home must be in a rural area.
- The home must serve as your client’s primary or secondary residence.
- Your client must have a 680 minimum credit score.
- The property must have a minimum of 5 acres and a maximum of 160 acres (more is accepted selectively) on rural land.
Agricultural Loan Refinancing Options
We also serve as wholesale agricultural lending partners for your customers’ refinancing needs. This solution is perfect for people who want to:
- Consolidate loans to decrease their monthly payments on a rural real estate mortgage.
- Take cash out.
- Get a shorter term on a loan.
- Refinance farming debt.
Do you have additional questions about our process?
If you’re curious about our process or what we do, we encourage you to contact us or consult our purchasing process or blog. We’re always happy to answer any questions you have.
Are You Ready to Work With Wholesale Agricultural Lending Partners Who Understand What You Need?
United Ag Lending is a powerful 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 originate a farming loan.
We are exceptional wholesale agricultural lending partners skilled at taking a 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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