Rural or Agricultrural 

Whether you want to purchase a rural home, farmhouse or commercial farm, ranch, vineyard, orchard, or more, we can help.

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Key Criteria for Rural Loans:

• Single-family, owner-occupied, detached primary residence located on the property.

• Must be located in a rural area or municipality with a population of 2,500 or less.

• Maximum loan-to-value of 97% with a maximum loan amount of $417,000.

• Dwelling value may not exceed $269,807.

• Private mortgage insurance required with loan-to-value greater than 80%.

• Typical contributory value of the dwelling should represent a minimum of 35% of the loan amount.

• Minimal farm income generated from the property allowed (no more than 25% of gross income). However, no farm income is required.

• As-is value of the outbuildings must not exceed 20% of the appraised value.

• Acreage must be typical as supported by comps and property must be residential in nature.

 

Key Criteria for Agricultural Loans:

• Max loan amount up to $30 million.

• Five-acre minimum, with no maximum acreage.

• Minimum credit score of 680.

• Monthly, semi-annual, or annual payments.

• 7-, 10-, 15-, 20-, and 30-year terms available.

• Executive Estates are eligible.

• Maximum loan-to-value ratios:

• 70% for loans up to and including $5 million.

• 60% for loans greater than $5 million.

 

For more information about rural-agricultural loans, including complete eligibility requirements, contact us today.