Hobby Farm Loan Requirements: A Guide for Land Owners

Are you looking to purchase a piece of land for recreational or hobby farming purposes? At United Ag Lending, we understand that every situation is unique and requires a personalized approach to lending. Our farm land loans cater to both commercial and non-money-making agricultural purposes, including hobby farms.

What We Look for in a Piece of Land

When evaluating a piece of land for financing, we consider several factors. These include:

1. Improved or Unimproved Land: Improved land has access to all utilities, such as water, sewer, and electricity. Unimproved land may have some amenities but lacks electric meters and natural gas lines. Raw land, on the other hand, has no utilities.

2. Road Access: Some unimproved lands may not have road access, while improved lands typically do.

3. Highest and Best Use: Your appraiser will help determine the highest and best use of your land, which is crucial in determining its value.

Types of Agricultural Land Loans

We offer three main types of agricultural land loans:

1. Raw Land Loans: For vacant or unimproved lands with no utilities.

2. Unimproved Land Loans: For lands with some amenities but lacking electric meters and natural gas lines.

3. Improved Land Loans: For lands with all necessary utilities.

How We Can Help

At United Ag Lending, we are committed to making the process of getting a farm land loan as smooth as possible. Our team will work closely with you to understand your specific needs and goals. We encourage you to reach out to us for guidance throughout the process. With our expertise, you can secure your dream piece of land quickly and efficiently.

Get Started Today

Contact United Ag Lending today to learn more about our farm land loans and how we can help you achieve your hobby farming goals. Our experienced team is ready to assist you in every step of the way.

Hobby farm loan requirements