Loan Products

American Farm Mortgage originates agricultural loans in each of the four categories detailed on the following pages.  Regardless of the category, all borrowers must meet the following general qualifications.

        An eligible borrower is either:

• A citizen or national of the United States or an alien lawfully admitted for permanent residence in the United States, or 

• A private corporation or partnership whose members, stockholders or partners holding a majority interest in the corporation or partnership are individuals described above.

The loan can be to purchase agricultural real estate or refinance existing debt that will be secured by real estate.  The real estate securing the loan must be used for the production of one or more agricultural commodities or products.  The proceeds can be used for multiple purposes.

Borrowers should have three years of established employment or training and two years of successful experience in one or more lines of agricultural production.