United Ag Lending

Basic information

QM program

• USDA

Loss payee

United Mortgage LLC ISAOA 9393 W 110th ST Suite 350 Overland Park, KS 66210

CPL or subordinate clause

United Mortgage LLC ISAOA 9393 W 110th ST Suite 350 Overland Park, KS 66210

Lock policies & fees

Lock policies

Lock extension

N/A

Relock

N/A

Lock & Shop

No

Lender's niche & overlays

Lender's niche

Our land loans basics are as followed to hopefully clear that piece up for you. When an appraiser goes out to the property the highest and best use of the land needs to be agriculture or recreational (Like in the woods very rural). 

Loan amount: from $500k to $100M

Below are some samples of what we can help you with. Attached our matrix as well.

TRID-Hobby/Rural Residential Loan

Properties with Large Acreage
Properties with income producing (schedule F income)
Equestrian homes, homes that have leased farmland
Properties with up to 3 total dwellings on one parcel (if primary is stick built) will allow multiple parcels
Off Grid Properties
Ag Exempt Properties
Barndominums
Vineyard Homes even with tasting rooms
Jumbo Properties on acreage (Large Estates on acreage)
Log cabins on acreage
Cash out no limit if LTV meets requirements and we can prove what the cash it being used for that qualifies
30-year and 15-year fixed options with no prepays

Land Loans and Full Time Farm Loans

Bare Land loans for either recreational/ag potential from 500k-100 million (can have up to 30% improvements on it if not bare land)
Full Time Farm Loans with multiple parcels up to 100 million (almost all farm types allowed) IE Dairy, Poultry, Orchards etc..
Cross Collateralization for the Down Payment allowed as well as seller carried seconds.
1 month arm’s up to 30-year fixed programs

Allow lender credit to cover BPC.

Lender's overlays

We can’t do any lot loans, loans for residential or commercial development.

Min. Loan: $500k

Min. Acreage is 10 as well.

Lender turn time

Initial underwrite (days)

1

CTC conditions review (days)

1

Initial CD (days)

30

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