If you’re seeking specialized financing for agricultural ventures, United Ag Lending stands out as a premier wholesale lender dedicated to serving the unique needs of the farming and rural property sectors. With a focus on flexibility, competitive terms, and personalized service, United Ag Lending is committed to helping clients achieve their agricultural goals.
About United Ag Lending
United Ag Lending is a non-bank lender headquartered in Overland Park, Kansas, specializing in agricultural real estate loans. They offer a range of loan products designed to meet the diverse needs of their clients, including:
- Commercial Farm Loans: Tailored for full-time farmers looking to expand or refinance their operations.
- Hobby Farm Loans: Designed for individuals seeking to purchase or refinance small rural properties, typically under 160 acres.
- Rural Residential Loans: Financing options for homes located on agricultural land, including barndominiums and properties with tillable acreage.
- Land Loans: For purchasing raw land intended for agricultural use.
Their loan products feature competitive rates, flexible terms, and a straightforward application process, making them a preferred choice for many in the agricultural community.
Loan Programs Offered
Commercial Farm Loans
United Ag Lending provides commercial farm loans with:
- Loan Amounts: Starting at $500,000.
- Property Size: Minimum of 10 acres.
- Credit Score Requirement: Minimum of 680.
- Loan-to-Value (LTV): Up to 70%.
- Repayment Terms: 30-year fixed rates with no prepayment penalties.
- Payment Options: Monthly, annual, or semiannual.
Hobby Farm Loans
For those interested in smaller agricultural properties, hobby farm loans offer:
- Property Size: Up to 160 acres.
- Dwelling Value: Can be as low as 25% of the overall property value.
- Income Consideration: Schedule F (farm) income is allowed.
- No Early Payment Penalties: Providing flexibility for borrowers.
Rural Residential Loans
These loans cater to individuals seeking homes on agricultural land, offering:
- Property Size: Minimum of 5 acres.
- Property Types: Including barndominiums and homes with tillable acreage.
- Loan Options: Purchase, refinance, and cash-out loans.
- Ag-Exempt Properties: Permitted but not required.
Land Loans
For purchasing raw land intended for agricultural use, these loans provide:
- Property Size: Minimum of 10 acres.
- Loan-to-Value (LTV): Up to 70%.
- Flexible Terms: Tailored to meet the specific needs of the borrower.
Why Choose United Ag Lending?
- Specialized Expertise: With years of experience in agricultural financing, United Ag Lending understands the unique challenges and opportunities in the farming industry.
- Customized Solutions: They offer a range of loan products tailored to meet the diverse needs of their clients.
- Streamlined Process: Their application and approval process is designed to be straightforward and efficient, ensuring timely access to funds.
- Nationwide Reach: Serving clients across the United States, United Ag Lending is equipped to handle agricultural financing needs nationwide.
Conclusion
Whether you’re a seasoned farmer looking to expand your operation or an individual interested in purchasing a rural property, United Ag Lending offers the expertise and tailored financing solutions to help you achieve your goals. Their commitment to exceptional service and understanding of the agricultural industry makes them a trusted partner in agricultural financing.
FAQs
1. What is the minimum credit score required for a commercial farm loan with United Ag Lending?
A minimum credit score of 680 is required for commercial farm loans.
2. Can I use Schedule F income to qualify for a loan?
Yes, Schedule F (farm) income is allowed for qualifying purposes.
3. Are there prepayment penalties on loans?
No, United Ag Lending offers loans with no prepayment penalties.
4. What is the maximum loan-to-value (LTV) ratio?
The maximum LTV ratio is up to 70%.
5. Can I finance a property with multiple dwellings?
Yes, multiple structures and homes are allowed, particularly under the hobby farm loan program.
