Our knowledgeable lenders are eager to meet you and discuss the best options for your agricultural land loan needs.
*2 business days after complete application submission, subject to verifications
Properties eligible for an agriculture real estate loan include those classified as improved property, with a focus on “farmland, ranchland, or timberland committed to ongoing management and agricultural production.”
The maximum loan amount is contingent upon the financial strength and credit background of each applicant. Ozark Bank evaluates each borrower’s financial situation individually to determine loan eligibility and capacity.
Loan applications may be declined due to several factors, including but not limited to past credit issues, an inability to service the proposed debt with current income levels, and a weak collateral position. These elements are assessed during the application review process by an Ozark Bank lending professional to ensure responsible lending practices.
At Ozark Bank, eligibility for an agriculture real estate loan is not determined solely based on credit score. Instead, we take a comprehensive approach to evaluate each borrower’s overall financial health.
Applicants are required to submit a Personal Financial Statement along with 3 years’ of personal income documentation (e.g. personal tax return, etc.) These documents are crucial for assessing the financial stability and loan repayment capability of potential borrowers.