Founded in 1976, Associated Farm Mortgage Inc. is a dedicated agricultural lender. Specializing in farm mortgages, Associated Farm Mortgage has built a strong name for itself in the farming community and among general interest banks as well. The senior loan officer is a former bank president, giving the loan staff a tremendous amount of knowledge and experience. This is necessary, as Associated Farm Mortgage does not deal with loans smaller than $300,000 dollars. The company specializes in providing long-term farm and ranch loans secured with production agricultural real estate. The company can originate and provide full service of loans nationwide. As a dedicated agricultural loan originator, Associated Farm Mortgage Inc. understands the special needs and solutions of farm lending, and this means the company is better prepared to assist a agricultural borrower than a more traditional lending institution is. Associated Farm Mortgage, Inc. offers a wide variety of Agriculture real estate mortgages. In all cases they do require a first lien position on the collateral property. The collateral property must be land that has some variety of real agricultural production. This production can be as simple as grazing pasture but cannot be land without production. The company does not offer development or speculation land loans.
Loans Funded by Associated Farm Mortgage
- A quarterly adjustable rate mortgage, with a repayment option of 10, 15, or 20 years.
- A one, three, or five year reset loan program. The terms available for those loans are 10, 15, and 20 years, except for the three year reset loan program on which the term is either 15 or 20 years.
- 10, 15, 20, and 25 year fixed rate loan programs are also available. There is a variable amortization period on the 10 and 15 year loans, all the rest are fixed to the life of the loan.
The minimum size for any of these loans is $300,000 dollars, and there is special pricing available for loans over $5,000,000 dollars which is provided by calling Associated Farm Mortgage Inc.
Associated Farm’s Advantage
Thirty years in the farm lending business has grown and expanded the Associated Farm Mortgage Inc. from a state sized footprint to a nationwide lending giant in the agricultural lending industry. Dealing in the farming industry means that the company routinely handles very large loans, and therefore having a trustworthy and honest reputation is vital. It is in this area that Associated Farm Mortgage Inc. most certainly excel. Keeping an honest business practice and operating with a competent and knowledgeable staff has paid off for the company. The staff at Associated Farm Mortgage Inc. are ready to help any potential borrower find the agricultural mortgage program that fits them the best.
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