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Available in
all 50 States
Commercial
Farm Loans
Update
on Agricultural Farm Loans
Mortgage Sources Corp. is licensed to
make real estate loans to the agricultural community throughout the
nation. This includes commercial farms, ranches, horse
operations, vineyards, and agricultural facilities. We have
available the best terms and underwriting in the country.
Mortgage Sources Inc. is an outlet for
Farmer Mac, Agri-Access, major national financial institutions,
insurance companies, and regional commercial banks and farm lenders
throughout the country.
Norman L. Peterson, the manager of our
agricultural division has been loaning money to farmers and
agricultural related businesses for 35 years.
- Rates are competitive with
agricultural lenders throughout the nation.
- Norm will personally oversee the
processing and underwriting of your loan. He knows how to
maximize your borrowing potential
- First lien on real estate
- $200,000 minimum loan
- Loans to 70% of the value of
collateral
- No prepayment penalty
- Loans over $1,000,000 qualify for
customized rates and terms
- No maximum loan amount or any
acreage limitations
- Good credit required - Credit Scores
over 620.
- 3 years tax returns required
to document history of adequate income
Rural Home
Loans
- $150,000.00 minimum loan amount
- No Maximum loan amount
- 97% Loan to Value on Purchase
- Refi to 90% of appraised value
- There is no limit on the number of acres but the
house must be worth 50% or more of the loan amount
- Primary Residence only
- Standard residential mortgage documents and credit
underwriting criteria used. Credit Scores over 580
- Complete loan without leaving your
home
Hobby Farm
Loans
-
$200,000.00 minimum loan
amount
-
No Maximum loan amount
-
85% Loan to Value on Purchase
-
Refi to 75% of appraised value
-
There is no limit on the number of acres but the
house must be worth 25% or more of the loan amount
-
Primary Residence or Second Home only
-
Standard residential mortgage documents and credit
underwriting criteria used. Credit Scores over 600
-
Complete loan without leaving your
home
Bare Land
Loans or Lot Loans
The rural land site loan is designed for people who
wish to finance an unimproved property on which they intend to build
a primary or second home within the next 10 years. Limited
agricultural activity can occur on the property, but no intensive
farming or confined animal facilities are permitted. Loan proceeds
can be for any purpose including construction of a house on the
property.
-
Up to 85% LTV for rural land site acreage, generally
10 to 160 acres.
-
Minimum credit score of 620.
-
Borrower will state intent to build a single family
personal residence on the property within 10 years.
-
Full doc-income must be verified from pay stubs
and/or tax returns.
-
Loan amounts from $100,000.00 to $2 mil
-
Cash out for any purpose up to
$100,000.00
-
Unlimited cash out to improve the
property
-
10year fixed rate with 10 year amortization, or 5 or
10 year balloons amortized over 30 years
-
No pre payment penalty
-
Agricultural or rural residential zoning preferred;
other zoning with UW exception
-
No real estate development projects
allowed
-
Purchase or refi allowed
If you are interested in any of the loan
products list above you can print off and fill
out information request form below and fax to
816-479-4609. Also feel free to call me direct.
Information
Request
Mark Bustamonte
Certified Mortgage Planning
Specialist
Mortgage Sources Corp
866-840-2240 Toll Free
markb@mtgplanning.com | 
