United Ag Lending is a premier lending partner for brokers, banks, and mortgage lenders wanting to break into the farm lending market. When it comes to wholesale agricultural property loans, our lending solutions are unmatched.
Continue reading to learn more about our lending programs and how we’re positioned to help you serve clients with diverse agricultural needs.
Your Loan Program Options
At United Ag Lending, we offer lending partners 4 lending solutions to cater to their unique clients. Our team has created programs to address customers with the following needs:
- A family who wants to move to a rural setting that has land with a pre-existing property.
- A family who wants to practice small-scale farming for their hobby and live on the land they farm.
- A new or established agricultural company wanting to start or expand their business.
- A new or established farming business that wants to purchase new land or expand their current land holdings.
- Anyone who wants to refinance pre-existing agricultural loans.
Let’s take a look at the loan programs we offer and the new types of customers you can reach with these solutions.
Wholesale Rural Property Loans
Our wholesale rural real estate loans are perfect for customers who want to purchase rural land that has a pre-existing home on the property. Our rural property program is customizable and flexible, giving your customers the opportunity to find a property that fits their personal needs.
Requirements
In order for your client to access our wholesale agricultural property loans, they will need to fit the following criteria:
- They need to have a minimum of a 680 credit score or higher.
- The rural land must have an existing home that your customer will use as a secondary or primary residence.
Rural Real Estate Program Benefits
We can offer your clients the following benefits with this flexible loan program:
- Your customers can finance real estate on a minimum of 5 acres and a maximum of 160 acres.
- The property’s value must only be 30% of the overall value.
- We offer fixed-rate 15- and 30-year loans with available low rates.
- Our team offers refinance, cash-out, and purchase loans.
- The property can include different types of structures, such as barndominiums, shed homes, homes with pasture or tillable acreage, or shop homes.
- We allow ag-exempt properties, but they are not required.
- Our team allows Schedule F (Farm) income.
- You can combine many parcels of land.
Wholesale Commercial Real Estate Loans
Our commercial wholesale agricultural property loans can help brokers, banks, and mortgage lenders access clients expanding their farming businesses.
Our team can help you book business with clients who are:
- Prepared to increase their agricultural capital.
- Wanting to consolidate existing agriculture real estate loans.
- Ready to grow a commercial farming operation.
Requirements
In order to access this loan program, your customer and the property they are interested in should meet the following requirements:
- The property needs to be agricultural in nature.
- There is a $500,000 loan minimum.
- This program requires property to be on a minimum of 10 acres.
- Your customer needs a credit score of 680 or higher.
Commercial Real Estate Program Benefits
This loan program is built to help agricultural professionals access the property needed to do their work. It’s popular because of its customizable, flexible attributes:
- There are no prepayment penalties.
- We offer 30-year fixed rates and adjustable-rate loans.
- Monthly, annual, and semiannual payments are available.
- Seller carries and cross-collateralization are permitted.
- Loans up to 70% of appraised value are allowed.
Wholesale Hobby Farm Loans
Our hobby farm loan program is incredibly unique. It allows people to buy property with an existing home to realize their small-scale farming dreams. And while hobby farms aren’t financially motivated, your client’s hobby could allow them to make a secondary income.
Requirements
Customers who meet the following criteria can access our flexible hobby farm loan program:
- The hobby farm property must serve as your client’s secondary or primary residence.
- The hobby farm property needs to be agricultural in nature and be on a minimum of 5 acres.
- Your client needs a 680 credit score or higher.
Hobby Farm Program Benefits
In addition to being flexible and customizable, these wholesale agricultural property loans also have the following benefits:
- The home value only needs to be 25% of the overall property value, but lower values are allowed on a case-by-case basis.
- This program permits Schedule F (Farm) income.
- The land value can exceed 30% of the appraised value, and your customers can combine multiple properties into a single loan.
- We permit multiple homes and structures on the property.
Wholesale Rural Land Loans
Our rural land loan program is ideal for anyone looking for land to start or grow their farming business. We finance everything from vineyards to projects dedicated to building a ranch to keep farm animals.
Requirements
Your client should meet the following criteria to access our land loan program:
- Our land loan minimum is $500,000.
- The land being purchased must be at least 10 acres.
- Your customer needs a 680 credit score or higher.
Land Loan Benefits
Our land wholesale agricultural property loans have the following benefits:
- Land loan down payments begin at 30%.
- We offer 10- to 30-year fixed-rate loans.
- Our team allows you to combine contiguous parcels of land and multiple properties.
- Land improvements, sheds, and outbuildings are allowed.
Expand Your Business With Wholesale Agricultural Property Loans
With United Ag Lending, you can count on us to provide you with the wholesale agricultural property loans your customers need. Our knowledge, customer service, responsiveness, and communication skills make us an excellent resource for anyone who wants to determine 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. Our team will continue expanding its offerings, bringing the opportunity to provide 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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