Farm and Rural Housing Mortgage Loans from Mortgage Resources

Farm Loans and Rural Housing Mortgage Loans

Part-Time Farm Loans - Full-Time Farm Loans - Rural Housing Loans

Loans for Part-Time Farms, Full-Time Farms and Rural Housing are available for most portions of the U.S. Farm and Rural programs are dependent upon the amount of Farm Usage, percentage of Farm Income, Loan-Values and credit scores. Please call , email or complete the on-line application for specific terms and rates. Terms and rates below are guidelines only and vary weekly.

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Part-Time Farm Loans

Maximum Loan - $2,600,000
Cash-Out to 75% LTV
Credit scores of 620 + Required
Primary Residence or Second Home
Dwelling must be at least 25% of Value
No Current Farm or Ranch Use Required
Full Documentation Required - 2 years Federal Tax Returns

LOAN TERM	RATES	POINTS	APPROX APR
15 YEAR FIXED	6.750	1.000	7.115
30 YEAR FIXED	7.000	1.000	7.215
Several Adjustable and Interim Fixed Options also Available	Please Call	Please Call	N/A

Full-Time Farm Loans

70% LTV to 2,300,000
Credit scores of 620 + Required
No Farm Dwelling Requirements
Stated Income to $500,000 at 50% LTV
Underwritten as Commercial Transaction
Farm or Ranch Income must service Debt
Maximum Loan - $6,000,000 @ 60% LTV
Monthly, Semi-Annual or Annual Payment Terms
Full Farm Appraisal required after Initial Approval
Full Documentation Required - 3 years Federal Tax Returns

LOAN TERM OPTIONS	RATES - Vary Greatly according to Payment Option Chosen, Debt Service Coverage, Etc.
One Year ARM	Please Call
Three Year ARM	Please Call
Five Year ARM	Please Call
15 Year Fixed	Please Call
25 Year due in 15 Fixed	Please Call

Rural Housing Loans

95% LTV to $322,00 - Purchase or Rate/Term Refinance
Dwelling should be 50% of Loan Amount
No Full-Time Farming Allowed
Maximum Dwelling Value of $192,000
Comps must be of like Acreage
Credit scores of 620 + Required
90% Cash-Out Refinance
Primary Residence Only

LOAN TERM	RATES	POINTS	APPROX APR
15 YEAR FIXED	6.600	1.000	6.965
30 YEAR FIXED	6.850	1.000	7.015
Several Adjustable and Interim Fixed Options also Available	Please Call	Please Call	N/A

And Many More Loan Offerings... Please email or call for specific scenarios.