Frequently Asked Questions (FAQ)

How do I begin the application process?

You can email, call or submit an inquiry through the AG Lending Group website. To begin the application process, we need to receive a completed application, three years of tax returns and a current balance sheet from all borrowers.

Do you require a certain type of collateral for a loan?

AG Lending Group specialized in loans that are Agricultural Real Estate based.

Do you have a minimum loan size?

Ag Lending Group works primarily with established farmers and farm investors looking to purchase, refinance or expand their current farm operation. We provide farm loans from $400,000 to $100,000,000. If you are a beginning farmer, we have a first time farmer program with a 0% down option.

I lease my land to a farm operator and do not work the property myself. Am I eligible for your farm loan?

Yes, all types of property owners, investors and farmers, are all eligible for our farm mortgage loans.

What Farm Loan Options do you have available?

Our loan products are designed to provide flexibility to our customers by offering a conversion option, a split loan option, a season loan option and no prepayment penalties.

What is a split loan option?

A Split Loan Option gives our borrowers the freedom to split a loan into multiple parts. The split loan option allows borrowers a combination of lower interest expense, like shorter term rates provide, yet security of long term rates. For example, a customer might elect to place half of their mortgage on a variable rate loan product and the other half on a longer-term fixed rate option. Using this approach, a borrower benefits from a lower weighted average interest rate on the total mortgage, but also provides security against rising rates.  To learn more you can contact a AG Lending Group loan specialist for details.

I have accounts payable, car loans, student loans and a mortgage with high interest rates and payments, can you help me consolidate the debt?

Yes, we are able to consolidate various types of debt into one new farm loan with a low interest rate.

What are the Semi-Annual and Annual Payment Dates?

For the semi-annual payment dates, you can choose either January 1st and July 1st OR April 1st and October 1st. For the annual payment dates you can choose any one of the four.

I currently have a farm mortgage in place but I need additional financing for operating, can you help?

Yes, we are able to offer several solutions including a real estate backed line of credit with a 10 year draw period and/or a refinance of your current farm mortgage.

What are your interest rates?

Interest rates vary depending on the loan product you choose. Please contact a loan representative to receive current interest rates.

Are there prepayment penalties?

There are no prepayment penalties on our loans meaning you have even further flexibility by having the option to pay off or refinance your loan early without financial penalty. A good reason to consider a lender who does not collect a penalty when paying your loan off early is the financial burden you may endure. In some cases, lenders may charge a penalty of more than 10% of your loan balance if you choose to pay early.