Hobby Farm Loans
Loans for farmers and agribusinesses
Hobby Farm Loans
Giving options to our local farmers and agriculture business owners.
Have you been told “no” by a bank or lender due to the property being zoned Ag, schedule F (Farm) income, land value, horse stalls or arenas, crops, land value, income-producing from land or any other farm or Agriculture related on your property? At Advantage Mortgage, we will tell you “YES!”
The Hobby Farm Advantage
Have you been told “No” by a bank or lender due to the property being zoned Ag, schedule F (Farm) income, land value, horse stalls or arenas, crops, land value, income-producing from land or any other farm or Agriculture related on your property? At Advantage Mortgage, we will tell you “YES!” Our Hobby Farm loan program fits all those situations and more, as it is specifically designed for properties that fall outside traditional guidelines.Get Started
We will ask you a series of questions to see if a Hobby Farm Loan is right for you.
Loan Amounts up to:
$2,000,000
Credit Scores as low as:
680
Minimum Down Payment:
5%
Hobby Farm Features & Qualifications
All allowed, but not required.
- 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 in to 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, Barndaminium with typical living quarters, log homes and multiple homes allowed on property
- Fixed 15 and 30-year terms
Interested in learning about other loan programs? Visit the
Interested in learning about other loan programs? Visit the Credit and collateral are subject to approval. Terms and conditions apply. This is not a commitment to lend. Programs, rates and conditions are subject to change without notice. Some products and services may not be available in all states.