Hobby Farm Loan Program
Our Hobby Farm Loan is designed for properties that fall outside of traditional lending guidelines when it comes to crops, vineyards, acreage, and zoning.
Acreage? Zoned AG, the value of land to home?
Our Hobby Farm Loan Program is offered to borrowers who don’t conform to traditional financing due to acreage or farming/ranching on the land. We offer a variety of loan products and terms that fit your needs and goals with fixed-rate terms and No early payoff penalties.
Program Highlights
- Home with up to 160 acres (more allowed on a case-by-case basis)
- Ag-Exempt Properties
- Loans up to $2 million and Schedule F (Farm) income allowed
- Purchase, rate/term, and cash out refinances to pay off debt, home or land improvements, or cash in hand
- Consolidate land and construction loans into permanent mortgage loan
- Primary homes or second homes
- Land value can exceed 30% of appraised value (other lenders don’t allow this).
- Dwelling value only requires to be 25% of value (lower allowed on a case-by-case basis)
- Multiple parcels allowed and parcels within reasonable proximity of each other (combine properties)
- Farming and farm income allowed if not sole income
- Horse facility with indoor/outdoor arena and no limitation on horse stables
- 50 heads of livestock or less are acceptable
- Shed homes, Barndominium with typical living quarters, log homes, and multiple homes allowed on the property
- Fixed 15 and 30-year terms
