Residential
GUARANTEED RATE MORTGAGE
This lender offers lending options for conventional (20% down) loans, government guaranteed home loans (FHA/VA/USDA). Get in touch with Mitch Florence to learn more about how Guaranteed Rate services its borrowers.
Northpointe Bank
This lender offers lending options for conventional (20% down) loans, government guaranteed home loans (FHA/VA/USDA), and home construction loans. Get in touch with Ray Childs to learn more about how Northpointe Bank services its borrowers.
Ruoff Mortgage
This lender offers lending options for conventional (20% down) loans and government guaranteed home loans (FHA/VA/USDA). Get in touch with Brad Schooler to learn more about Ruoff Mortgage and how they service their borrowers.
Land + Farms
To finance rural land for recreation, home building, or investment, there are many options of lenders. Most loans, however, will fall into the category of a balloon loan. To get started with the pre-approval process, read below and choose an option. To learn more about how land financing works click here.
Rural 1st:
This lender offers lending options for vacant land (hunting, other recreation, etc.), homes on acreage, and rural construction. They cover all of Kentucky and 25 other states. For prime borrowers, they have incredible loan programs only requiring 10%, 20% or 25% down. They also offer a unique program where you can close in 12 days for properties under $250k. You can reach out to Emily Stamper to learn more about the many loan options Rural1st offers.
Ag Credit:
For non-agricultural purposes, AgCredit lends money with the more industry standard balloon loan structure. This lender however, also services agricultural loans with different terms for borrowers that are purchasing land for active farming.
Agricultural loans, rural construction, recreational land, and more
Co-op structure, services loans on a much more local basis
Stockton Mortgage:
This lender offers a “hobby farm loan” for people wanting to buy properties with a pre-existing home on anywhere between 5 and 160 acres. You can reach out to Jim Stipp to learn more about this loan.
Land line lending:
Loans for properties all over the United States of America
$100,000 minimum loan amount
15 acres minimum acreage requirement
680 minimum credit score
75% maximum loan-to-value
Fixed and Adjustable Rates: 1, 3, 5, 7, 10, 15, 20, 25 and 30-year
Other Agricultural Loan Resources
If you are a farmer or intend to farm as your primary job, there are special USDA Guaranteed loans for you. See the bulleted links below for more information.