Real Estate Loans
Whether you farm full-time or part-time, when it’s time to apply for a real estate loan to change or expand your operation, it pays to work with a lender you can trust. At AgStar, we provide the most flexible financing to purchase or refinance farm land and construct or purchase out-buildings and facilities.
Our real estate loans let you lock your rate for up to 30 years, helping you to manage your interest risk for the longest possible period. In addition, we make it easy for you to convert your loan as interest rates or your operation changes, without requiring complicated, complete refinancing. We also give you the power to segment your real estate loan into multiple sub-loans that equal the land purchase price, giving you different interest rates or maturities tailored to your unique situation and business plan.
Rural real estate is one of the cornerstones of our business — and it has been for over 90 years. We know farming and we will work with you to create the land loan that fits your business.
Real Estate Loan Products
- Fixed Rate Loans
Our fixed rate loans are available for up to 30 years, which lets you manage your interest risk and count on consistent payments throughout the life of your loan.
- Variable Rate Loans
Choose from standard monthly variable rates and adjustable rates at yearly intervals. If rates or your operational needs change, our unique conversion feature lets you update your interest rate program without the cost or time it takes to do a traditional refinancing.
Real Estate Revolving Line of Credit
Our Real Estate Revolving Line of Credit lets you borrow funds for land purchases or other business needs for 5 or 10 year draw periods followed by an amortized loan, if you choose. Check with your tax advisor about the potential for tax deductible mortgage interest. You can combine the best of a line of credit and a fixed rate loan by leaving the loan balance on a variable rate of interest during the draw period then locking in a fixed rate on all or part of the principal. As you pay back the principal owed on either the fixed or variable option, you can re-borrow funds during the draw period for your Real Estate Line of Credit.
Find out more about Real Estate Loans. Contact Us or call 1-866-577-1831.