General Farm Loan Requirements

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.

Farm Loan Requirements

  • Minimum Credit Score: 660 (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 - - 60% debt-to-asset ratio
  • Purchase: Must have a down payment of at least 30% or additional farm land to use as collateral
  • Refinance: Must have at least 30% equity in your property