Fast Track Agricultural Loan 2017-12-18T19:25:19+00:00

Fast Track Agricultural Loan

REDUCED DOCUMENTATION LOAN PROGRAM FOR AGRICULTURAL LOANS AND PART-TIME FARMS

  • Fixed or Adjustable products available.
  • Semi-annual or monthly payments.
  • Up to 25 year amortization.
  • Available for full or part-time farming operations.
  • Property may be non-contiguous.
  • No requirement for residence on property.
  • No limit on Combined Loan to Value.
  • Available for purchase or refinance transactions.

KEY CRITERIA FOR ELIGIBILITY

  • Maximum Loan To Value 55%.
  • Maximum loan amount $1,000,000.
  • Minimum credit score 700 for loan amounts up to $300,000.
  • Minimum credit score 720 for loan amount $300,000 and above.

DOCUMENT REQUIREMENTS

  • Signed Fast Track Loan Application.
  • Fast Track Balance Sheet for each applicant.
  • Tri-merge credit report for each applicant.
  • Signed Federal tax returns for up to two years may be required.
  • Signed copy of Request for Transcript of Tax Form (IRS 4506)
  • Copies of the two most recent pay stubs for off farm income.
  • Limited appraisal report in summary format.
  • Environmental Disclosure signed by borrower and appraiser.
  • Evidence of water rights, leases, grazing permits, CRP contracts etc., if applicable.
  • Evidence of hazard insurance coverage with loss payee endorsement.
  • Description of all fixtures and personal property necessary to operate the property along with a UCC search on all applicants.

For More Information Contact:

Agri-One Financial
303-773-3545
steve@agrionefinancial.com