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United Farm Mortgage

Long Term Commercial Loan
Land Loan - LG322

United Farm Mortgage

Summary of all Guidelines

Loan Types Commercial Loan
Property Types Land Entitled, Land Non-Entitled
Lendding Area NATIONWIDE
Loan amount Minimum $250,000
Loan amount Maximum $2,500,000
Credit Score Min 720
Lien Position 1st
Prepayment Penalty No Prepayment Penalty
Intended Occupancy Owner Occupied Business
General Pricing or Guideline info Loan Qualifications There are different types of land loans, and each has qualifications to be met by borrowers. However, general rules apply to all land loans you should meet as a borrower. • A good credit score, preferably above 720 • A detailed explanation of your intent with the land loan • Mention necessary property checks such as surveyed boundaries, zoning, access to utilities, and land-use restrictions. These are the factors that land loan lenders use to determine the obligations and rates of the loan. Land loans generally have higher interest rates, but you can get better rates with a good debt-to-income ratio and credit score.
Updated as of 2023-11-13

Loans Qualifications
There are different types of land loans, and each has qualifications to be met by borrowers. However, general rules apply to all land loans you should meet as a borrower.

• A good credit score, preferably above 720

• A detailed explanation of your intent with the land loan

• Mention necessary property checks such as surveyed boundaries, zoning, access to utilities, and land-use restrictions.

These are the factors that land loan lenders use to determine the obligations and rates of the loan. Land loans generally have higher interest rates, but you can get better rates with a good debt-to-income ratio and credit score.

These descriptions are limited information and meant for general reference purposes.