HOBBY FARM LOANS

• Properties with a minimum of 5 acres
• Properties with up to 160 acres (more allowed on a case-by-case basis)
• Ag-Exempt Properties allowed
• Loans up to $2 million and Schedule F (Farm) income allowed
• Purchase, rate/term and cash out refinances to pay off debt, home or land improvements, or cash in hand
• Consolidate land and construction loans in to permanent mortgage loan
• Primary homes or second homes
• Land value can exceed 30% of appraised value (other lenders don’t allow this).
• Dwelling value only requires to be 25% of value (lower allowed on a case-by-case basis)
• Multiple parcels allowed and parcels within reasonable proximity of each other (combine properties)
• Farming and farm income allowed, if not sole income
• Horse facility with indoor/outdoor arena and no limitation on horse stables
• 50 heads of livestock or less are acceptable
• Shed homes, Barndaminiums with typical living quarters, log homes and multiple homes allowed on property
• Fixed 15 and 30-year terms

Land Loans and Full Time Farm Loans

• Bare Land loans for either recreational/ag potential from 500k-100 million (can have up to 30% improvements on it if not bare land)
• Full Time Farm operations with multiple parcels up to 100 million (almost all farm types allowed)
• Cross Collateralization for the Down Payment allowed as well as seller carried seconds.
• 1 month arm’s up to 30-year fixed program