This document summarizes the key features of 6 popular farm loan programs: The Hobby Farm Loan offers financing from $100,000 to $3,000,000 for primary residences or second homes, with loans up to 80% of the purchase or appraised price and no mortgage insurance or prepayment penalties. The VA Rural Home Loan provides loans from $100,000 to $417,000 for primary residences only, with a minimum 5% down payment, credit scores over 640, and financing up to 95% of the appraised value. The Rural Home Loan finances bare land purchases from $100,000 to $417,000 with a minimum 620 credit score, intent to build

1. HOBBY FARM LOAN
1. Minimum loan amount is $100,000
2. Max loan amount is $3,000,000
3. Loans to 80% of the purchase price
with no mortgage insurance
4. Refi or cash out to 80% of
appraised value.
5. Cash out to 75% of appraised value
6. Primary residence or second home
7. Income must be verified from pay
stubs and/or tax returns
8. Credit Scores over 660
1.No down payment
2. Competitive low interest rates
3. Seller can pay all closing costs
4. VA funding fee applies
5. Loan amounts up to $1,094,625 in
qualified counties across America
6. Credit scores of 640+
7. Higher limit on debt ratios
VA RURAL HOME
LOAN
1. Minimum loan amount is $100,000
2. Maximum loan amount is $417,000
3. Minimum down payment of 5%
4. Refinance to 95% of appraised value
5. Cash out to 80% of appraised value
6. Primary residence only
7. Income must be verified
8. Minimum credit scores of 640
RURAL HOME
LOAN
1. Up to 75% LTV for rural land site
acreages, generally 10 to 160 acres
2. Minimum credit score of 620 with
no late payments in last 2 years
3. Borrower will state intent to build a
single family personal residence
4. Income must be verified
5. Minimum loan amount is $100,000
6. No cash out
7. 25 year fixed rate & adjustable rate
8. No prepayment penalty
BARE LAND LOAN
1. FHA Loan for the Purchase of
Rural Property
2. Low down payments – up to 97%
3. Low closing costs
4. Easy credit qualifying
5. Property cannot exceed 20 acres
6. Value of dwelling must be 50% of
appraised value
FHA LOANUSDA HOME LOAN
1. 100% Financing
2. No cash back
3. Closing costs can come from any
source
4. USDA loans are available in areas
where the population is below 20,000.
Towns close to large metropolitan
areas do not qualify. Maximum income
varies by geographic area and is based
on 115% of the HUD median income.
Contact us to find out if you qualify!
FARM LOAN CENTER
For more information on Veteran farm loans, a rural home loan or any
other financing solution, please do not hesitate to contact us.
www.farmloancenter.com | 913-515-3905
FEATURES FOR
6 POPULAR
FARM LOANS