Agricultural, Ranch, and Farm Loans
UFIG has agriculture real estate loan products to fit your individual needs with competitive interest rates and flexible repayment terms on both adjustable and fixed-rate mortgages.
Agricultural & Farm Loans are for
- Farms
- Ranches
- Dairies
- Orchards
- Vineyards
- Coffee Plantations
- Groves
- Citrus
- Large Equestrian Operations
- Hobby Farms
- Other Specialty Agricultural Operations
Features
- Adjustable rates: 1 month, 1 year, 3 year, 5 year, 7 year, 10 year, and 15 year
- Fixed rates: 10 year, 15 year, 20 year, 25 year and 30 year
- Amortization: Up to 30 years
- Payment frequency: Monthly, semiannual or annual
- Prepayment options: No prepayment penalty on most loans
- Conversion option: Many loan products allow convertibility between loan products during the mortgage term
Agricultural &
Farm Loan Program
UFIG has options to fit your individual needs with a variety of flexible loan programs and loan application processes. Our staff will work with you to find the best loan program that fits your needs.
Fully Underwritten Loans
UFIG offers fully underwritten loan programs using a more conventional loan application and documentation process.
Key Loan Qualifications
Loan-to-value: Up to 90% maximum
Loan amount: $100,000,000 maximum
Credit score: Acceptable credit history and a minimum credit score of 600
Debt-to-asset ratio: 50% maximum
Current debt-to-asset ratio: 1.25:1 minimum
Debt coverage ratio: 1.25:1 minimum
Fast-Track Loans
The Fast-Track Loan Program is a streamlined loan application process that provides loan approval with minimum loan documentation.
Key Loan Qualifications
Loan-to-value: 55% maximum
Loan amount: $3,000,000 maximum
Credit score: Acceptable credit history and a minimum credit score of 720
Debt-to-asset ratio: 40% maximum
Current debt-to-asset Ratio: 1:1 minimum
Debt coverage ratio: 1:1 minimum
Hobby Farm/Lifestyle Ranch Loan
The Lifestyle Ranch Loan Program is an alternative loan product option for an individual wage earner financing a minimum of 60 acres for recreational or hobby farm use. With this product, underwriting is based on regular non-farm income and includes monthly payments.
Eligible Loan Qualifications
Maximum loan size: $3,000,000
Loan-to-value: Up to 70% (60% in 9 designated Midwestern states)
Debt-to-asset ratio: 55%
Current debt-to-asset-ratio: 1:1
Minimum annual debt obligations: 39% (calculated total annual P&I/gross income)*
Credit score: Acceptable credit history and a minimum credit score of 700
Purpose: Purchase or refinance; cash-out not allowed
Other: Dwelling and any other improvements must not exceed 25% of total value
FAQ
Most lenders do not have the necessary experience or loan programs to service your Agricultural financing needs. UFIG has the required expertise and knowledge to guide you through the loan process and provide you with the best available rate and terms. Each deal is unique so it is best to give us a call to discuss your financing needs.
Poultry, Live Stock Building(s), Dairy Operations, Beef feed lot, Timber, Feed lot dairy, Packing Houses and other production facilities, Crop land, Orchards, Vineyards and MORE!
We understand Farming is a dynamic industry with uncontrollable variables. This is where common sense and history play a big factor. You would be surprised at the challenges we are able to overcome.