General Farm Loan Requirements
***Our minimum loan amount for our farm loan programs is $400,000.00.
Basic qualifications under both the Full Time Farm Loan program and the Part Time farm loan program. Please take a moment to verify you can meet these qualifications.
- Minimum Credit Score: 680 (at least one of the three major bureaus)
- Minimum Loan Amount: $400,000.00
- Minimum acreage (unless permanent planting operation): 40 acres
- Location: Property must be located within the lower 48 United States
- Income: Must have sufficient income to service all debts (personal and business)
- Assets: The sum of all assets owned (including household furniture) must be double what your accumulated debts equal, post purchase – - 50% debt-to-asset ratio
- Purchase: Must have a down payment of at least 30% or additional farm ground to use as collateral
- Refinance: Must have at least 30% equity in your property
