Agriculture Lot/Land Loans
For a Rate and Fees quote call
This program is designed for Borrowers in need of financing to purchase an AG zoned property or refinance. Construction financing is also available (see Commercial Construction).
- Loan amounts from $50,000 to $3,000,000
- Loan amounts up to 75% of the purchase price subject to quality and income of property. Cross collateralization allowed on other properties, if needed, for maximum or greater loan amounts.
- Foreign Nationals are eligible for this program
- Deal directly with the Loan Officer/Underwriter
- Fast pre-qualification, typically within 3 – 5 business days, closing typically within 30 days (fast track closings in 14 +/- days available if certain criteria is met)
- No minimum acreage requirement or maximum limitations
- Loans are available to Borrowers with excellent to less than perfect credit (subject to underwriting)
- Agricultural zoned land
- Limited income documentation available to 45% loan to value or less
- Up to a 5 year term
*All rates and terms subject to change without notice
Rates and Fees
(Based on credit score, income, savings and LTV)
- Rates From: 7.25% to 8.95%+ (Minimum 9.95% rate for loans $75,000 or less)
- Loan Fee: 1.25% to 2.00%
- Application Fee: $450
- Fast Track Closing Fee: $1,250
- Underwriting Fee: $450
- Maximum Broker Fee: 1.50% to 2.00% (subject to Broker Compensation option)
To start the pre-approval process, download the Loan Submission Form above and include a completed 1003, current Tri-Merge Credit Report and appraisal, if available.