Land Loan FAQs, who’s AgAmerica Lending, seek out responses by Topic
1. Where is AgAmerica situated and where would you make loans?
AgAmerica has two headquarters situated in Lakeland, Florida and Boise, Idaho. We’re a brand that is national can lend across the united states of america.
2. What’s the way that is best to get hold of AgAmerica to share my monetary objectives?
We’d like to speak, chat, e-mail, or talk with you face to face – whichever form is most comfortable for your needs. You are able to contact us Monday-Friday EST that is 8am-5pm or us at [email protected]
3. Can AgAmerica use foreign nationals on loan packages?
Regrettably maybe perhaps not at the moment. AgAmerica solutions the United States and us residents or permanent resident aliens only.
Agricultural Loans and Farm Financing Products. 1. The length of time are your terms for funding land?
AgAmerica’s spectrum that is unique of loan services and products have actually terms (lengths) which range from eighteen months to three decades. As the particular terms differ by product, it’s possible to have self- confidence that each loan package is custom-built with your client’s financial objectives in your mind. Many facets influence the regards to your possible loan package; most importantly are your motivations and priorities. Our borrowers typically be eligible for several of our financing programs, while the services and products they choose are finally their choices.
2. Can a loan is got by me utilizing my land as security?
Positively. Often times, your most valuable asset is ab muscles land your operation sits on. It means to be a farmer, rancher, or timberland owner whether it’s been in the family for generations or the beginning of a legacy all your own, land is at the heart of everything. It represents a prime bit of security whenever you make an application for an agricultural land loan. To clean up on the best way to make use of your property as security once you submit an application for a land loan, follow this link.
If you’re currently an ag land owner, utilising the equity you already have in your land creates a way to refinance short-term and intermediate financial obligation (like equipment financial obligation). Each year in some cases, we’ve been able to lower our clients’ monthly interest payments by over 50%, saving them thousands.
3. Does AgAmerica provide loans for hunting land?
We yes do. So you can enjoy your hunting property now, and for years to come whether you’re a hunter, hiker, angler, bird watcher, or conservationist, AgAmerica can finance your recreational land purchase with customized 18 months to 30-year terms. Find out about our Recreational Land Loan system and review its parameters.
4. Are AgAmerica land loans for farmers only?
No. AgAmerica’s land loans are for anyone thinking about purchasing or refinance 25 or even more acres of agricultural-zoned land. AgAmerica can fund agricultural farm and ranch properties, citrus grove conversions, rural house estates, leisure land, and also raw land parcels. Our land loans will allow you to lessen your yearly re payments, expand your procedure, purchase more land, or get over a year that is previous. Find out more about how we’ve changed the real means today’s ag land owners finance their hopes and dreams.
5. How do you begin land that is financing?
We think it’s great whenever our clients result in the first call. Whenever you’re prepared to just take that first rung on the ladder in obtaining a land loan, it is possible to e mail us 1 of 2 means:
- Give us a call Monday-Friday, 8am-5pm EST at 1.855.898.2265
- Fill in our loan request form that is simple right right here.
Our land loan experts will walk you through the procedure and talk about your monetary goals and needs that are lending. Install & complete our Initial Land Loan Inquiry form – we’ll review it through the consultation call that is initial.
6. What sort of loans can be found to purchase land?
We realize that there is no “one-size-fits-all” approach with regards to secure financing. That’s why we bespoke build land loan packages to assist you reach your financial objectives. These packages consist of 10-year interest-only credit lines, 30-year term loans, and also bridge loans. Explore every one of our land loan options.
Land Loan needs and Lending Process. 1. What’s the most readily useful AgAmerica system in my situation?
It is possible to rely on an intensive assessment with our loan officers that will evaluate your specific monetary objectives and build you a customized loan package to satisfy your preferences. We never take a one-size-fits all approach. Plus there is absolutely no expense for a short underwriting assessment that is in-house.
2. Can AgAmerica assist me personally through the documents procedure?
Definitely we are able to. Our product product sales and underwriting groups will be ready to assist and that can work alongside your CPA or adviser that is financial help this technique.
3. Are AgAmerica land loans for farmers only?
No. AgAmerica’s land loans are for anybody thinking about purchasing or refinance 25 or higher acres of agricultural-zoned land. AgAmerica can fund agricultural farm and ranch properties, citrus grove conversions, rural house estates, recreational land, and also natural land parcels. Our land loans will allow you to lower your yearly re payments, expand your procedure, purchase more land, or recover from a past 12 months. Find out about just just how we’ve changed the means today’s ag land owners finance their hopes and hopes and dreams.
4. Are AgAmerica land loans for farmers just?
No. AgAmerica’s land loans are for anyone thinking about purchasing or refinance 25 or higher acres of agricultural-zoned land. AgAmerica can fund farm that is agricultural ranch properties, citrus grove conversions, rural house estates, leisure land, as well as natural land parcels. Our land loans makes it possible to lessen your yearly payments, expand your procedure, purchase more land, or get over a year that is previous. Find out about just exactly how we’ve changed the real method today’s ag land owners finance their hopes and dreams.
5. Would you have minimal credit history requirement?
Yes, AgAmerica’s minimum credit score is 680, nonetheless exceptions can be made for a case-by-case foundation. Provide us with a we’ll and call talk you through our loan program parameters.
6. Does AgAmerica provide 100% funding?
No, just like other loan providers AgAmerica doesn’t provide 100% funding. For a mortgage that is first we lend as much as 75% based on the worth of one’s security property.
7. How do you be eligible for a farm loan?
You will find four qualifications you need to fulfill to qualify for a land loan with AgAmerica.
After being verified as that loan candidate, you’re ready to schedule a session with this land loan professionals. Browse our Loan Eligibility Verification web web page to get going.
Make an ACH Payment on a Farm Loan. 1. How do you register and so I don’t need to keep re-entering my bank information for future payments?
A One-Time Payment as a Guest”, the confirmation page will list three options after submitting your payment following the steps for“Make. It is possible to register With your overall Information, Return to Residence, or Logout. Click “Enroll With Your present Information” to proceed with enrolling and developing a login.
2. I didn’t get the Activation e-mail once I enrolled.
Please always check your “spam” or “junk” mail. In the event that email nevertheless can’t be situated, we will deliver you another activation e-mail. Please contact servicing by e-mail or phone for support.
3. We enrolled once I made my repayment, but I’m not in a position to join.
Look at your e-mail after your payment that is first and regarding the “Activate your bank Account” link. You shall have to trigger your bank Account so that you can join.
4. The “Activate your bank Account” link no longer works in my own web e-mail.
The hyperlink has expired. Please contact AgAmerica Servicing by e-mail or phone and we’ll give you a brand new activation e-mail.
5. I will be locked away from my Login account.
Please contact AgAmerica Servicing by email or phone.
6. Just how do I create Auto-Pay?
When you enroll as a person, you will have the choice to create Auto-Pay. The Auto-Pay choice is on the webpage into the line on the right-hand region of the display. The Auto-Pay option will never be noticeable until such time you have developed a free account and logged back.
9. Exactly What do I do if we forgot my password?
Make use of the “Forgot your Login ID? ” link regarding the Login website and also you shall be emailed these details. You may additionally email [email protected] or phone
10. I make the payment for each loan if I have more than one loan number how do?
It really is chosen for a sign in and Password to be founded for every single loan quantity. Nonetheless, you might combine each loan re re payment under one sign in but a comment needs to be built in the Payment guidelines box on how the funds ought to be distributed to each loan quantity.