Agriculture Loans

(Non Comforming Loans)

Non-conforming loans, on the other hand, are those that fall outside those guidelines, so they can’t be sold to Fannie Mae or Freddie Mac.

RURAL-AGRICULTURAL LOANS

FARM OR RANCH
  • Whether you want to purchase a rural home, farmhouse or commercial farm, ranch, vineyard, orchard, or more.
  • 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.
  • Minimal farm income generated from the property allowed (no more than 25% of gross income). However, no farm income is required.
  • Acreage must be typical and property must be residential in nature.

ITIN

Individual Taxpayer Identification Number

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  • Qualify Full Doc or 12-Month Bank Statement for SE
  • 2-year income history
  • Valid U.S. government issued ID
  • 80% Max LTV Purchase
  • 80% Max LTV Refinance
  • Loan amounts up to $1M

RURAL-AGRICULTURAL LOANS

FARM OR RANCH
  • Whether you want to purchase a rural home, farmhouse or commercial farm, ranch, vineyard, orchard, or more.
  • 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.
  • Minimal farm income generated from the property allowed (no more than 25% of gross income). However, no farm income is required.
  • Acreage must be typical and property must be residential in nature.

Agricultural Loans

  • Max loan amount up to $30 million.
  • Five-acre minimum, with no maximum acreage.
  • Monthly, semi-annual, or annual payments.
  • 7-, 10-, 15-, 20-, and 30-year terms available.
  • 70% for loans up to and including $5 million.
  • 60% for loans greater than $5 million.

HOBBY FARMS

A hobby farm is just that: a hobby.
Qualifications for a Rural Hobby Farm Loan include:

Minimum loan amount is $100,000, with a minimum of five acres. (No maximum acreage.)

Maximum loan-to-value 80

RESIDENTIAL COMEMERCIAL AND AGRICULTURAL LOANS

Grisel Elizondo, NMLS #203707

Mortgage Loan Broker

Arca Mortgage LLC NMLS No. 2327889 ______ Mobile: (956) 351-5503

Email:info@arcamortgage.com

https://www.arcamortgage.com

http://www.nmlsconsumeraccess.orgcom