AGRICULTURE LAND LOANS
We'd like to introduce our newest program, AG Finance. We
can now offer an Agricultural mortgage loan program that offers
excellent rates and terms on both long term fixed interest rates as well
as adjustable interest rate loan products.
As a Correspondent with a leading provider of farm
loans to America's farmers and ranchers we are providing land
loan financing nationwide for farm and ranch acquisitions, refinancing
existing debt and financing capital expansion.
Program Highlights
Agricultural
Finance Program offers farm loan products to fit your individual needs
with competitive interest rates and flexible repayment terms on both
adjustable and fixed-rate mortgages.
- Competitive Rates
- Adjustable Rates 1-mo, 1yr, 3yr, 5yr, 7yr & 10yr
- Fixed Rates: 10-year and 15-year
- Amortization: up to 30 years
- Payment Frequency: monthly, semi-annual or annual
- Prepayment Options:
- Most loan products are open prepay
- Conversion Option: Many loan products allow changes during term
AG Finance - Fast Track Loans
The
"Fast Track" loan program through the Secondary Market is a streamlined
loan application process that provides fast loan approval requiring
minimum loan documentation.
Key Loan Qualifications:
- Loan-to-Value: 55% maximum
- Loan Amount: $300k minimum - $1m maximum
- Acceptable credit history and a minimum credit score of 700/720
- Debt-to-Asset Ratio: 45% max up to $300k, 40% $300k +.
- Current Debt-to-Asset Radio: 1:1 minimum on loans $300k +
- Debt Coverage Ratio: 1:1
AG Finance - Fully Underwritten Loans
For
loan applications requesting loan amounts or other terms that are
outside "Fast Track" parameters, we offer loan programs that utilize a
more conventional loan application and documentation process.
Key Loan Qualifications:
- Loan-to-Value: 70% maximum
- Loan Amount: $300k minimum - $22m maximum
- Acceptable credit history and a minimum credit score of 680
- Debt-to-Asset Ratio: 50% max
- Current Debt-to-Asset Radio: 1:1 minimum
- Debt Coverage Ratio: 1.25:1 minimum
- Property Coverage Ratio: 1:1 minimum
Commercial Real Estate & Business Finance
