Loans We Offer
Easy Doc Loans Up To $4 million
Achieve your goals faster with a Stated Documentation Loan. Secure underwriting decisions for loans up to $4 million with a single application. Don't waste your time with complicated loan applications and uncertain outcomes. Stated offers a straightforward solution to help you get the financing you need. Apply now and take the first step toward realizing your dreams!
Fixed Rate
30-Year Fixed Rate Terms. Fully Amortized. Monthly, Quarterly, Semiannual, and Annual Payment Options Available. No Pre-Payment Penalty. Our loans are customizable to your borrowing needs.
Variable Rate
5 - 30 Year Terms. 5 - 30 Year Amortized. Monthly, Quarterly, Semiannual, and Annual Payment Options Available. Rate Options Monthly Adjustment with Index. No Pre-Payment Penalty. Customizable to your needs.
Revolving Line Of Credit
5 - 25 Year Terms. 5 - 30 Year Fully Amortized. Monthly, Quarterly, and Semiannual Payment Options Available. Rate Options Monthly Adjustment With Index. No Pre-Payment Penalty. Customizable to your needs.
Bridge Loans
We understand not all borrowers have the same borrowing capabilities. Therefore, we offer alternative solutions for farmers and ranchers that do not meet the traditional bank financing guidelines. We can customize the loan to meet the needs of the borrowers with flexibility that conventional financing does not offer. In addition, the Ag Financial Funding team can provide you with both short- and long-term loan solutions with exit plans to achieve your financial goals.
Program Highlights
- Loan Size: $250,000 to $50,000,000
- Purchase, Refinance, Cash Out
- Property Types: Various Ag uses, orchards, vineyards, equestrian, row crops, vacant Land suitable for crops, or grazing
- Loan-to-Value up to 65% for 1st Trust Deeds, up to 50% (CLTV) for 2nd Trust Deeds
- Loan Term: 6 months to 5 years
- Interest-only payments available
- Loan Position: 1st or 2nd Trust Deed
- Interest Rates: 9% to 12% TBD
- Fees: 2.5-3.5 points plus underwriting and processing fees
Loan process
Application
Once we receive your application and the required documentation, we begin the loan application process. This requires an analysis of your financial information. Once the application is completed, you will be sent the application to review and sign. Your loan application will then be submitted to underwriting for preliminary approval.
Underwriting
During the underwriting stage, your income, assets, debt and property details will be verified.
Appraisal
A commercial appraisal will be done to determine the value of your property based on the improvement to the property, comparable sales in the are over the last year, and the income capacity of the property.
Title
We work with a local title company, or your attorney, who will research the property, assist in any easement work, issue title policy, and host the closing.
Rate Lock | Final Approval
After the appraisal and title work are reviewed, your loan will then receive final approval. We will then "lock-in" the interest rate for your loan. Closing documents are then drawn up and sent to the title company.
Closing
An escrow agent will fully review the loan with you at this time. After signing the documents, your loan will fund.