![]() We take into account that every situation is different. Just like with all of our loan programs, we administer agricultural land loans on a case-by-case basis. Borrow a minimum of $500,000 if there will be commercial use (can borrow a lower amount if non-commercial).You have tons of freedom to make your land into what you want as long as you meet our basic requirements for financing with us. Built a ranch and raised horses, sheep, and cattle.Some people go the farming route, others take the recreational route. When you buy a plot of land, you have complete freedom to make it into whatever you want. What can I do with an agricultural land loan? The type of land you purchase is entirely up to you and what your goals are. You know the drill at this point tell us your ideas for the improved land to get the process started.Īs you can tell, there are trade-offs to all types of agricultural land loans. Since it has all the amenities, it is the most expensive type of land you can buy.īecause it’s the most developed type of land, the interest rates and down payments are lower. Improved land has access to water, sewer, electricity, and the road. Just like with raw land loans, we want to see your unimproved land through your eyes so make sure you have a detailed plan ready. Since it’s not as underdeveloped as raw land, the interest rates and down payments will be slightly lower. There might be road access, but not always. It may have some utilities, but an electric meter and natural gas line is usually missing. Unimproved land is slightly more developed than raw land, but still has some significant components missing. We want to hear about your ideas for your land: farm or recreational. If you have a well-laid plan for how you will use the land, then paint us a picture. However, down payments and interest rates can be higher on these types of loans because it’s underdeveloped. There are no sewer or water capabilities or road access, so you will have to figure out if you want to put in the work to change that.īecause this land is lacking utilities and structures, it is less expensive than more developed pieces of land. ![]() Understanding the attributes-including benefits and drawbacks-of each loan will help you with your land purchasing decision. There are three main types of agricultural land loans: Raw, unimproved, and improved. Whether you’re buying the land for recreational purposes, to raise cattle, or start an equestrian business, it’s important to understand the three different types of agricultural land loans and how our process works so you can make smart financial decisions. Your land can be simply recreational-an oasis where you can explore a hobby, learn a new skill, or get away from the city. So no, you don’t have to be a farmer to get a land loan with us. There is so much you can do with bare land!Īt United Ag Lending, we offer financing for all types of land. Schedule your consultation to speak with one of our loan officers.The best part about buying a plot of land is that you have complete freedom. Our loan officers are happy to help talk you through the aspects of looking for a horse farm mortgage today. If we don’t think we’re a good fit, it’s not you, it’s us trying to make sure you find the right financial support. We truly want you to find the best provider for your horse farm loan needs. Landīuying a plot of land gives you the complete freedom to build it into the equestrian farm of your dreams.Įxplore all our programs Review Your Loan Options Today With United Ag Lending Hobby farming is a great way to participate in agriculture on a smaller scale. If you keep horses as a hobby and not a source of income, hobby farm loans can help finance your goals. Ranches are parcels of land dedicated to housing and raising livestock, like horses. Ranchįor those who are raising horses commercially, ranch financing is often a good place to start. These are some of the programs we most commonly use when working with clients looking for equestrian farm loans. Our loan officers are experts in agricultural lending and lifestyle, and they can help you fashion your unique loan based on your needs. Customizable Equestrian Farm LoansĮach of our loan programs function as a starting point for your potential equestrian farm loan. Our customizable lending programs provide the foundation for equestrian farm loans that work for your unique goals. If you’re looking to start a hobby farm with a few pets or a commercial ranching operation, United Ag Lending can help. Taking out a mortgage for your horse farm can be an exciting step in pursuing your equestrian dreams.
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