Land Loan FAQs, that is AgAmerica Lending, seek out responses by Topic

Land Loan FAQs, that is AgAmerica Lending, seek out responses by Topic

1. Where is AgAmerica situated and where would you make loans?

AgAmerica has two headquarters based in Lakeland, Florida and Boise, Idaho. Our company is a nationwide brand name and can provide throughout the usa.

2. What’s the easiest way to get hold of AgAmerica to share my economic goals?

We’d like to speak, talk, e-mail, or talk with you face to face – whichever form is many comfortable for you personally. It is possible to contact us Monday-Friday 8am-5pm EST or content us at info@agamerica.com.

3. Can AgAmerica utilize foreign nationals on loan packages?

Regrettably perhaps not at the moment. AgAmerica solutions the usa and US citizens or permanent aliens that are resident.

Agricultural Loans and Farm Financing Products. 1. Just how long are your terms for funding land?

AgAmerica’s unique spectral range of land loan items have actually terms (lengths) which range from eighteen months to three decades. Even though the terms that are specific by product, you’ll have self- confidence that each and every loan package is custom-built with your client’s monetary 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 lending programs, therefore the items they choose are eventually their choices.

2. Can a loan is got by me using my land as collateral?

Definitely. Quite often, your many valuable asset is the very land your procedure sits on. Whether it’s been into the household for generations or perhaps the start of a legacy your entire very own, land has reached the heart of every thing it indicates to be always a farmer, rancher, or timberland owner. In addition it represents a prime little bit of security once you submit an application for an agricultural land loan. To brush up on how best to make use of your property as collateral whenever you make an application for a land loan, view here.

You already have in your land creates an opportunity to refinance short-term and intermediate debt (like machinery debt) if you’re already an ag land owner, using the equity. In many cases, we’ve been in a position to reduce our consumers’ month-to-month interest payments by over 50%, saving them thousands every year.

3. Does AgAmerica offer loans for searching land?

We certain 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 more about our Recreational Land Loan system and review its parameters.

4. Are AgAmerica land loans for farmers just?

No. AgAmerica’s land loans are for anybody 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, and also natural land parcels. Our land loans makes it possible to lessen your yearly re payments, expand your procedure, purchase more land, or recover from a past 12 months. Find out about exactly how we’ve changed the means today’s ag land owners finance their dreams.

5. How can I begin funding land?

We like it whenever our clients result in the call that is first. Whenever you’re prepared to simply take that first rung on the ladder in trying to get a land loan, you can easily e mail us one of two methods:

  1. Give us a call Monday-Friday, 8am-5pm EST at 1.855.898.2265
  2. Fill in our loan request form that is simple here.

Our land loan professionals will walk you through the process and talk about your monetary goals and needs that are lending. Download & complete our Initial Land Loan Inquiry form – we’ll review it throughout the initial assessment call.

6. What sort of loans can be found to purchase land?

We recognize that there’s no “one-size-fits-all” approach with regards to secure financing. That’s why we bespoke build land loan packages that will help you reach your economic objectives. These packages consist of 10-year interest-only personal lines of credit, 30-year term loans, and also bridge loans. Explore most of our land loan choices.

Land Loan Requirements and Lending Process. 1. What’s the best AgAmerica system for me personally?

You’ll depend on a consultation that is thorough our loan officers who can evaluate your specific financial goals and build you a customized loan package to meet up your requirements. We never take a one-size-fits all approach. Plus there’s absolutely no expense for a short in-house underwriting assessment.

2. Can AgAmerica assist me personally through the documents procedure?

Positively we are able to. Our product sales and underwriting groups will be ready to assist and will work alongside your CPA or adviser that is financial help this procedure.

3. Are AgAmerica land loans for farmers just?

No. AgAmerica’s land loans are for anyone thinking about purchasing or refinance 25 or maybe more acres of agricultural-zoned land. AgAmerica can fund agricultural farm and ranch properties, citrus grove conversions, rural home estates, leisure land, and also natural land parcels. Our land loans will allow you to lessen your yearly payments, expand your procedure, buy more land, or recover from a past year. Learn more about exactly exactly how we’ve changed the means today’s ag land owners finance their dreams.

4. Are AgAmerica land loans for farmers just?

No. AgAmerica’s land loans are for anybody thinking about purchasing or refinance 25 or maybe more acres of agricultural-zoned land. AgAmerica can fund agricultural farm and ranch properties, citrus grove conversions, rural house estates, leisure land, and also natural land parcels. Our land loans will allow you to lessen your yearly re payments, expand your procedure, purchase more land, or get over a past year. Find out about just how we’ve changed the way today’s ag land owners finance their dreams.

5. Would you have minimal credit history requirement?

Yes, AgAmerica’s minimum credit score is 680, nonetheless exceptions could be made on a basis that is case-by-case. Provide us with a call and we’ll talk you through our loan system 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 provide as much as 75per cent in line with the value of the security property.

7. How can I be eligible for a farm loan?

You will find four skills you have to fulfill to qualify for a land loan with AgAmerica.

After being confirmed as financing candidate, you’re ready to schedule a session with this land loan experts. Browse our Loan Eligibility Verification page to get going.

Make an ACH Payment for a Farm Loan. 1. Just how do I enlist therefore I don’t need to keep re-entering my bank information for future payments?

After publishing your repayment after the online installment loans steps for “Make a One-Time Payment as being a Guest”, the verification page will record three choices. You are able to Enroll With your present Information, Return to Home, or Logout. Click “Enroll With Your present Information” to proceed with enrolling and creating a login.

2. I didn’t have the Activation e-mail once I enrolled.

Please check always your “spam” or “junk” mail. In the event that e-mail nevertheless can not be situated, we shall give you another activation e-mail. Please contact servicing by phone or email for assistance.

3. We enrolled I am not able to log in after I made my payment, but.

Look at your email after your very first repayment and then click regarding the “Activate your bank Account” link. You shall need to Activate your Account to be able to log in.

4. The “Activate your bank Account” link not any longer works in my own e-mail.

The hyperlink has expired. Please contact AgAmerica Servicing by e-mail or phone and we’ll give you an activation email that is new.

5. I will be locked away from my Login account.

Please contact AgAmerica Servicing by phone or email.

6. Just how do I put up Auto-Pay?

When you enroll as a person, you shall have the choice to setup Auto-Pay. The Auto-Pay choice is situated on the website into the line in the right-hand side associated with the display. The Auto-Pay choice shall never be noticeable and soon you have actually produced a merchant account and logged back.

9. Just exactly What do I do if we forgot my password?

Make use of the “Forgot your Login ID? ” link in the Login webpage and also you will be emailed this information. You may additionally e-mail Servicing@AgAmerica.com or phone

10. If We have one or more loan quantity how can I result in the repayment for each loan?

It is chosen for a sign in and Password become founded for every loan number. Nevertheless, you might combine each loan re payment under one join but a comment needs to be built in the Payment guidelines field as to how the funds must be distributed every single loan quantity.