We offer an unequaled variety of loan terms through our relationships with several lenders. A small sample of the types of loans is as follows:
- Full Time Farmer: Up to 70% loan to value (typically closer to 65%), strong financial statement, good earnings shown on the tax returns and good credit
- Part Time Farmer (Rural Residential Loan): Up to 85% loan to value, single family owner occupied residence (or second home) with a value of at least 30% of the total appraised value of the property, typical residential loan ratios, good financial statement and good credit.
- Operating Lines of Credit: Up to 55% loan to value, 5 and 10 year draw periods and up to 25 year amortizations, variable rate (can be converted to a fixed rate but revolving feature is terminated).
Many of our loans offer the option to convert to another rate on payment dates. Some loans offer no prepayment fee. Loans are typically due in 15 years and amortized over 25 years.
This summary gives you an idea of the types of loans we can offer. We are happy to customize a loan package to your needs. Call us today to discuss options for your unique situation!